Teucrium Wheat Fund (NYSEARCA:WEAT) Short Interest Update

Teucrium Wheat Fund (NYSEARCA:WEAT) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 875,233 shares, a growth of 73.3% from the June 30th total of 504,931 shares. Based on an average daily volume of 379,668 shares, the short-interest ratio is presently 2.3 days. Approximately 7.3% of the shares of the stock are sold short.

Institutional Trading of Teucrium Wheat Fund

A number of hedge funds have recently added to or reduced their stakes in the business. PenderFund Capital Management Ltd. acquired a new position in shares of Teucrium Wheat Fund in the 3rd quarter valued at $14,303,000. Walser Wealth Management Company A Ltd Liability Co purchased a new position in Teucrium Wheat Fund in the 1st quarter valued at about $2,610,000. Royal Bank of Canada boosted its holdings in 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. Teucrium Investment Advisors LLC acquired a new stake in shares of Teucrium Wheat Fund during the fourth quarter worth approximately $1,577,000. Finally, Militia Capital Management LLC acquired a new position in Teucrium Wheat Fund during the 1st quarter worth $1,843,000.

Teucrium Wheat Fund Stock Down 3.3%

WEAT opened at $23.81 on Friday. Teucrium Wheat Fund has a 52 week low of $19.78 and a 52 week high of $26.08. The business’s fifty day simple moving average is $23.41 and its 200 day simple moving average is $22.74.

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%.