Teucrium Corn Fund (NYSEARCA:CORN) Stock Crosses Above 50 Day Moving Average – Here’s Why

Teucrium Corn Fund (NYSEARCA:CORN) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $17.86 and traded as high as $17.88. Teucrium Corn Fund shares last traded at $17.86, with a volume of 57,609 shares.

Teucrium Corn Fund Trading Up 1.3%

The stock’s 50-day simple moving average is $17.86 and its 200 day simple moving average is $17.62.

Hedge Funds Weigh In On Teucrium Corn Fund

Several institutional investors have recently added to or reduced their stakes in CORN. Harbour Investments Inc. grew its position in shares of Teucrium Corn Fund by 38.5% during the 2nd quarter. Harbour Investments Inc. now owns 3,019 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 839 shares during the period. Group One Trading LLC grew its holdings in Teucrium Corn Fund by 633.7% in the second quarter. Group One Trading LLC now owns 15,341 shares of the exchange traded fund’s stock worth $271,000 after purchasing an additional 13,250 shares during the period. Flow Traders U.S. LLC bought a new stake in Teucrium Corn Fund in the third quarter valued at $322,000. Finally, Rockefeller Capital Management L.P. bought a new stake in Teucrium Corn Fund in the second quarter valued at $407,000.

Teucrium Corn Fund Company Profile

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%.