Teucrium Corn Fund (NYSEARCA:CORN) Share Price Passes Above 50-Day Moving Average – Here’s Why

Teucrium Corn Fund (NYSEARCA:CORN) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $18.03 and traded as high as $18.34. Teucrium Corn Fund shares last traded at $18.26, with a volume of 65,530 shares trading hands.

Teucrium Corn Fund Stock Up 0.9 %

The company has a fifty day moving average price of $18.03 and a two-hundred day moving average price of $18.20.

Institutional Investors Weigh In On Teucrium Corn Fund

A hedge fund recently bought a new stake in Teucrium Corn Fund stock. Safe Harbor Fiduciary LLC purchased a new position in shares of Teucrium Corn Fund (NYSEARCA:CORN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,200 shares of the exchange traded fund’s stock, valued at approximately $207,000. Safe Harbor Fiduciary LLC owned about 0.32% of Teucrium Corn Fund at the end of the most recent reporting 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%.