Teucrium Wheat Fund (NYSEARCA:WEAT – Get Free Report) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 1,170,090 shares, a drop of 59.3% from the April 30th total of 2,878,044 shares. Approximately 10.3% of the shares of the stock are short sold. Based on an average trading volume of 955,544 shares, the days-to-cover ratio is presently 1.2 days.
Teucrium Wheat Fund Stock Performance
Shares of NYSEARCA WEAT traded down $0.45 during midday trading on Friday, hitting $23.38. The stock had a trading volume of 887,473 shares, compared to its average volume of 747,719. The stock has a 50 day simple moving average of $23.49 and a 200-day simple moving average of $21.88. Teucrium Wheat Fund has a 1 year low of $19.78 and a 1 year high of $25.60.
Institutional Investors Weigh In On Teucrium Wheat Fund
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of Teucrium Wheat Fund by 9,855.7% in the first quarter. Royal Bank of Canada now owns 100,055 shares of the company’s stock valued at $2,358,000 after purchasing an additional 99,050 shares during the last quarter. Compound Planning Inc. acquired a new stake in shares of Teucrium Wheat Fund in the first quarter valued at approximately $232,000. Cetera Investment Advisers acquired a new stake in shares of Teucrium Wheat Fund in the first quarter valued at approximately $974,000. Militia Capital Management LLC acquired a new stake in shares of Teucrium Wheat Fund in the first quarter valued at approximately $1,843,000. Finally, CVS HEALTH Corp acquired a new stake in shares of Teucrium Wheat Fund in the first quarter valued at approximately $471,000.
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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