Teucrium Corn Fund (NYSEARCA:CORN) Shares Climb 1.1% – Here’s Why

Teucrium Corn Fund (NYSEARCA:CORN) shares traded up 1.1% on Tuesday. The company traded as high as $17.54 and last traded at $17.35. Approximately 233,352 shares were traded 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 Stock Performance

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

Hedge Funds Weigh In On Teucrium Corn Fund

Several hedge funds have recently bought and sold shares of CORN. Royal Bank of Canada acquired a new position in shares of Teucrium Corn Fund in the first quarter worth $811,000. Roan Capital Partners purchased a new stake in shares of Teucrium Corn Fund in the second quarter valued at $901,000. Group One Trading LLC lifted 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 acquiring an additional 459,992 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Teucrium Corn Fund by 1,143.0% in the first quarter. Cetera Investment Advisers now owns 164,961 shares of the exchange traded fund’s stock valued at $3,035,000 after acquiring an additional 151,690 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new stake 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%.