Teucrium Corn Fund (NYSEARCA:CORN) Shares Climb 1.1% – Still a Buy?

Shares of Teucrium Corn Fund (NYSEARCA:CORN – Get Free Report) shot up 1.1% during mid-day trading on Tuesday. The stock traded as high as $17.54 and last traded at $17.35. 233,352 shares changed hands during trading, a decline of 53% from the average session volume of 495,922 shares. The stock had previously closed at $17.16.

Teucrium Corn Fund Trading Up 1.1%

The stock has a 50-day simple moving average of $18.79 and a 200 day simple moving average of $18.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CORN. Royal Bank of Canada purchased a new position in Teucrium Corn Fund during the 1st quarter valued at about $811,000. Roan Capital Partners purchased a new position in Teucrium Corn Fund during the 2nd quarter valued at about $901,000. Group One Trading LLC raised its position in Teucrium Corn Fund by 17,597.2% during the first quarter. Group One Trading LLC now owns 462,606 shares of the exchange traded fund’s stock worth $8,512,000 after acquiring an additional 459,992 shares during the last quarter. Cetera Investment Advisers raised its position in Teucrium Corn Fund by 1,143.0% during the first quarter. Cetera Investment Advisers now owns 164,961 shares of the exchange traded fund’s stock worth $3,035,000 after acquiring an additional 151,690 shares during the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in Teucrium Corn Fund during the first quarter worth about $383,000.

Teucrium Corn Fund Company Profile

(Get Free Report)

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%.

See Also

Receive News & Ratings for Teucrium Corn Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teucrium Corn Fund and related companies with MarketBeat.com's FREE daily email newsletter.