Teucrium Corn Fund (NYSEARCA:CORN) Shares Pass Above 50 Day Moving Average – Time to Sell?

Teucrium Corn Fund (NYSEARCA:CORN) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $17.56 and traded as high as $18.73. Teucrium Corn Fund shares last traded at $18.20, with a volume of 1,103,100 shares changing hands.

Teucrium Corn Fund Stock Performance

The business has a 50 day simple moving average of $17.56 and a 200 day simple moving average of $17.66.

Hedge Funds Weigh In On Teucrium Corn Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of CORN. Teucrium Investment Advisors LLC acquired a new position in Teucrium Corn Fund during the 4th quarter worth $1,582,000. Militia Capital Partners LP acquired a new stake in Teucrium Corn Fund in the 4th quarter valued at about $865,000. Rockefeller Capital Management L.P. acquired a new stake in Teucrium Corn Fund in the 2nd quarter valued at about $407,000. Flow Traders U.S. LLC purchased a new position in shares of Teucrium Corn Fund in the 3rd quarter valued at about $322,000. Finally, Group One Trading LLC boosted its stake 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 buying an additional 13,250 shares during the period.

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%.