Teucrium Corn Fund (NYSEARCA:CORN) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Teucrium Corn Fund (NYSEARCA:CORN) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.58 and traded as low as $17.11. Teucrium Corn Fund shares last traded at $17.15, with a volume of 19,328 shares.

Teucrium Corn Fund Trading Down 0.2%

The firm’s 50-day moving average price is $17.73 and its two-hundred day moving average price is $17.58.

Hedge Funds Weigh In On Teucrium Corn Fund

Large investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. purchased a new position in shares of Teucrium Corn Fund during the second quarter worth about $407,000. Flow Traders U.S. LLC purchased a new stake in shares of Teucrium Corn Fund in the 3rd quarter valued at about $322,000. Group One Trading LLC boosted its position in shares of Teucrium Corn Fund by 633.7% in the 2nd quarter. Group One Trading LLC now owns 15,341 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 13,250 shares during the period. Finally, Harbour Investments Inc. grew its stake 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 worth $53,000 after buying an additional 839 shares during the last quarter.

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%.