Teucrium Corn Fund (NYSEARCA:CORN) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Teucrium Corn Fund (NYSEARCA:CORN)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.81 and traded as low as $17.80. Teucrium Corn Fund shares last traded at $17.83, with a volume of 51,879 shares traded.

Teucrium Corn Fund Price Performance

The stock has a 50 day simple moving average of $17.65 and a 200 day simple moving average of $17.79.

Institutional Investors Weigh In On Teucrium Corn Fund

Several institutional investors have recently added to or reduced their stakes in CORN. Group One Trading LLC increased its position in shares of 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 valued at $271,000 after acquiring an additional 13,250 shares during the period. Rockefeller Capital Management L.P. purchased a new position in Teucrium Corn Fund during the 2nd quarter valued at about $407,000. Harbour Investments Inc. raised its position in 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 valued at $53,000 after purchasing an additional 839 shares during the last quarter. Flow Traders U.S. LLC raised its position in Teucrium Corn Fund by 140.5% during the 1st quarter. Flow Traders U.S. LLC now owns 95,694 shares of the exchange traded fund’s stock valued at $1,776,000 after purchasing an additional 55,898 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Teucrium Corn Fund by 117.5% in the 1st quarter. Cetera Investment Advisers now owns 27,226 shares of the exchange traded fund’s stock worth $505,000 after buying an additional 14,707 shares during the period.

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%.