Short Interest in Teucrium Corn Fund (NYSEARCA:CORN) Drops By 57.5%

Teucrium Corn Fund (NYSEARCA:CORN) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 164,017 shares, a drop of 57.5% from the May 14th total of 386,342 shares. Based on an average daily trading volume, of 576,477 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CORN. Group One Trading LLC raised its position in shares of Teucrium Corn Fund by 17,597.2% in the 1st quarter. Group One Trading LLC now owns 462,606 shares of the exchange traded fund’s stock worth $8,512,000 after acquiring an additional 459,992 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Teucrium Corn Fund by 1,143.0% in the 1st quarter. Cetera Investment Advisers now owns 164,961 shares of the exchange traded fund’s stock worth $3,035,000 after acquiring an additional 151,690 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co bought a new position in shares of Teucrium Corn Fund in the 1st quarter worth approximately $2,445,000. Teucrium Investment Advisors LLC bought a new position in shares of Teucrium Corn Fund in the 4th quarter worth approximately $1,582,000. Finally, Militia Capital Partners LP bought a new position in shares of Teucrium Corn Fund in the 4th quarter worth approximately $865,000.

Teucrium Corn Fund Trading Up 0.5%

NYSEARCA CORN traded up $0.08 on Friday, hitting $16.80. The company’s stock had a trading volume of 257,940 shares, compared to its average volume of 632,095. Teucrium Corn Fund has a 52-week low of $16.61 and a 52-week high of $19.13. The company’s 50-day simple moving average is $18.09 and its 200 day simple moving average is $17.92.

About Teucrium Corn Fund

Teucrium Corn Fund (the Fund) is a commodity pool that is a series of Teucrium Commodity Trust (Trust), a Delaware statutory trust. It will issue common units representing fractional undivided beneficial interests in such Fund, called Shares. The investment objective of the Fund is to have the daily changes in percentage terms of the shares net asset value reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for corn (Corn Futures Contracts) that are traded on the Chicago Board of Trade (CBOT), including the second to expire CBOT Corn Futures Contract, weighted 35%, the third-to-expire CBOT Corn Futures Contract, weighted 30%, and the CBOT Corn Futures Contract, weighted 35%.