Teucrium Wheat Fund (NYSEARCA:WEAT – Get Free Report) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 614,969 shares, a decrease of 34.0% from the August 15th total of 931,106 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 915,697 shares, the days-to-cover ratio is presently 0.7 days.
Teucrium Wheat Fund Stock Down 1.4%
Shares of NYSEARCA:WEAT opened at $25.86 on Friday. Teucrium Wheat Fund has a 12 month low of $19.78 and a 12 month high of $28.41. The company has a 50-day moving average price of $25.46 and a 200 day moving average price of $23.93.
Institutional Investors Weigh In On Teucrium Wheat Fund
Institutional investors have recently modified their holdings of the stock. Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of Teucrium Wheat Fund in the 1st quarter worth about $2,610,000. Royal Bank of Canada grew its holdings in Teucrium Wheat Fund by 9,855.7% during the 1st 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. Militia Capital Management LLC bought a new position in Teucrium Wheat Fund during the 1st quarter valued at about $1,843,000. Cetera Investment Advisers bought a new position in Teucrium Wheat Fund during the 1st quarter valued at about $974,000. Finally, Sigma Planning Corp purchased a new stake in Teucrium Wheat Fund in the 1st quarter worth about $527,000.
About Teucrium Wheat Fund
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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