For buyers on the lookout for momentum, Teucrium Corn ETF CORN might be an appropriate choose. The fund simply hit a 52-week excessive and is up 74.5% from its 52-week low worth of $11.52/share.
Let’s check out the fund and its near-term outlook to achieve an perception into the place it may be headed:
CORN in Focus
The CBOT Corn Futures Contract appears to mirror the every day adjustments of a weighted common of the closing costs for 3 futures contracts for corn which can be traded on the CBOT. The expense ratio is 2.47% yearly.
Why the Transfer?
Corn costs have been on an uptrend currently thanks toChina’s report corn imports resulting from crop failures and inadequate state reserves which have weighed on out there international corn provides. Plus, a subdued dollar has saved the general commodity investing charged-up.
Extra Beneficial properties Forward?
The fund has a optimistic weighted alpha of 77.91. So, there’s a first rate outlook forward for many who wish to experience this surging ETF a shade additional.
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TEUCRM-CORN FD (CORN): ETF Analysis Experiences
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