Teucrium Wheat Fund (NYSEARCA:WEAT – Get Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 743,947 shares, a decline of 36.4% from the May 14th total of 1,170,090 shares. Currently, 6.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 886,284 shares, the days-to-cover ratio is currently 0.8 days.
Institutional Investors Weigh In On Teucrium Wheat Fund
A number of hedge funds have recently made changes to their positions in WEAT. JPMorgan Chase & Co. acquired a new position in Teucrium Wheat Fund in the second quarter valued at about $66,000. US Bancorp DE acquired a new stake in shares of Teucrium Wheat Fund during the third quarter worth approximately $41,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Teucrium Wheat Fund during the third quarter worth approximately $29,000. Cetera Investment Advisers bought a new position in shares of Teucrium Wheat Fund in the first quarter valued at approximately $974,000. Finally, Militia Capital Management LLC bought a new position in shares of Teucrium Wheat Fund in the first quarter valued at approximately $1,843,000.
Teucrium Wheat Fund Stock Performance
NYSEARCA:WEAT traded up $0.29 during trading hours on Wednesday, reaching $23.04. The company had a trading volume of 67,386 shares, compared to its average volume of 727,482. The stock has a 50-day moving average of $23.39 and a two-hundred day moving average of $22.00. Teucrium Wheat Fund has a one year low of $19.78 and a one year high of $25.60.
Teucrium Wheat Fund Company Profile
Teucrium Wheat Fund (the Fund) is a commodity pool. The Fund is a series of the Teucrium Commodity Trust (Trust). The Fund provides investors unleveraged direct exposure to wheat without the need for a futures account. The investment objective of the Fund is to have the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for wheat (Wheat Futures Contracts) that are traded on the Chicago Board of Trade (CBOT), which includes the second-to-expire CBOT Wheat Futures Contract, weighted 35%; the third-to-expire CBOT Wheat Futures Contract, weighted 30%, and the CBOT Wheat Futures Contract, weighted 35%.
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