Teucrium Corn Fund (NYSEARCA:CORN) Share Price Passes Below 200 Day Moving Average – Here’s Why

Teucrium Corn Fund (NYSEARCA:CORN) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $18.49 and traded as low as $17.69. Teucrium Corn Fund shares last traded at $17.77, with a volume of 69,926 shares.

Teucrium Corn Fund Stock Down 0.8 %

The company’s fifty day moving average is $18.12 and its two-hundred day moving average is $18.49.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Teucrium Corn Fund stock. Raffles Associates LP boosted its stake in Teucrium Corn Fund (NYSEARCA:CORN) by 36.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,155 shares of the exchange traded fund’s stock after purchasing an additional 10,000 shares during the quarter. Teucrium Corn Fund comprises about 0.7% of Raffles Associates LP’s investment portfolio, making the stock its 29th largest holding. Raffles Associates LP owned about 1.05% of Teucrium Corn Fund worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

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%.