Teucrium Corn Fund (NYSEARCA:CORN) Shares Pass Below 200-Day Moving Average – What’s Next?

Teucrium Corn Fund (NYSEARCA:CORN)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.84 and traded as low as $18.65. Teucrium Corn Fund shares last traded at $18.65, with a volume of 69,159 shares.

Teucrium Corn Fund Stock Down 1.7 %

The stock’s fifty day simple moving average is $19.05 and its two-hundred day simple moving average is $18.84.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new stake in shares of Teucrium Corn Fund during the fourth quarter valued at approximately $26,000. Comerica Bank purchased a new position in shares of Teucrium Corn Fund in the fourth quarter worth $60,000. JPMorgan Chase & Co. raised its stake in shares of Teucrium Corn Fund by 26.5% in the third quarter. JPMorgan Chase & Co. now owns 7,675 shares of the exchange traded fund’s stock worth $142,000 after purchasing an additional 1,606 shares during the last quarter. Mutual Advisors LLC bought a new position in shares of Teucrium Corn Fund during the fourth quarter valued at $193,000. Finally, Simplex Trading LLC increased its holdings in Teucrium Corn Fund by 49.2% in the 4th quarter. Simplex Trading LLC now owns 14,212 shares of the exchange traded fund’s stock worth $266,000 after buying an additional 4,688 shares in the last quarter.

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%.