Teucrium Corn Fund (NYSEARCA:CORN) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Teucrium Corn Fund (NYSEARCA:CORN)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.97 and traded as low as $17.90. Teucrium Corn Fund shares last traded at $17.93, with a volume of 653,755 shares traded.

Teucrium Corn Fund Price Performance

The stock has a 50-day simple moving average of $18.37 and a 200-day simple moving average of $17.97.

Hedge Funds Weigh In On Teucrium Corn Fund

Hedge funds have recently made changes to their positions in the stock. Group One Trading LLC grew its position in shares of Teucrium Corn Fund by 17,597.2% in the first quarter. Group One Trading LLC now owns 462,606 shares of the exchange traded fund’s stock valued at $8,512,000 after purchasing an additional 459,992 shares in the last quarter. Royal Bank of Canada purchased a new position in shares of Teucrium Corn Fund in the first quarter valued at $811,000. IMC Chicago LLC purchased a new position in shares of Teucrium Corn Fund in the first quarter valued at $750,000. CVS HEALTH Corp purchased a new position in shares of Teucrium Corn Fund in the first quarter valued at $497,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Teucrium Corn Fund in the first quarter valued at $383,000.

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%.