Teucrium Corn Fund (NYSEARCA:CORN) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Teucrium Corn Fund (NYSEARCA:CORN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.80 and traded as high as $17.99. Teucrium Corn Fund shares last traded at $17.76, with a volume of 149,053 shares traded.

Teucrium Corn Fund Stock Performance

The firm has a 50 day moving average of $17.43 and a two-hundred day moving average of $17.80.

Institutional Trading of Teucrium Corn Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Roan Capital Partners purchased a new stake in shares of Teucrium Corn Fund during the 2nd quarter worth approximately $901,000. Royal Bank of Canada purchased a new position in shares of Teucrium Corn Fund in the 1st quarter valued at $811,000. Group One Trading LLC grew 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 valued at $8,512,000 after buying an additional 459,992 shares during the last quarter. Cetera Investment Advisers grew 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 valued at $3,035,000 after buying an additional 151,690 shares during the last quarter. Finally, CVS HEALTH Corp acquired a new stake in Teucrium Corn Fund during the 1st quarter worth $497,000.

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%.