Short Interest in Teucrium Wheat Fund (NYSEARCA:WEAT) Expands By 132.0%

Teucrium Wheat Fund (NYSEARCA:WEAT) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,878,044 shares, an increase of 132.0% from the April 15th total of 1,240,313 shares. Approximately 25.2% of the shares of the company are sold short. Based on an average trading volume of 933,824 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Trading of Teucrium Wheat Fund

A number of hedge funds have recently bought and sold shares of WEAT. JPMorgan Chase & Co. purchased a new stake in Teucrium Wheat Fund during the second quarter valued at $66,000. Osaic Holdings Inc. increased its position in Teucrium Wheat Fund by 14.2% during the second quarter. Osaic Holdings Inc. now owns 22,725 shares of the company’s stock valued at $101,000 after acquiring an additional 2,823 shares during the last quarter. IMC Chicago LLC increased its position in Teucrium Wheat Fund by 32.4% during the third quarter. IMC Chicago LLC now owns 53,921 shares of the company’s stock valued at $222,000 after acquiring an additional 13,189 shares during the last quarter. GK Wealth Management LLC purchased a new stake in Teucrium Wheat Fund during the third quarter valued at $45,000. Finally, Vawter Financial Ltd. purchased a new stake in Teucrium Wheat Fund during the third quarter valued at $44,000.

Teucrium Wheat Fund Stock Down 2.9%

Teucrium Wheat Fund stock traded down $0.71 during mid-day trading on Friday, reaching $24.11. 1,090,837 shares of the stock traded hands, compared to its average volume of 734,250. Teucrium Wheat Fund has a 12-month low of $19.78 and a 12-month high of $25.60. The business’s 50-day moving average is $23.20 and its 200-day moving average is $21.67.

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%.