Teucrium Wheat Fund (NYSEARCA:WEAT) Short Interest Update

Teucrium Wheat Fund (NYSEARCA:WEAT) was the target of a large decrease in short interest during the month of 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. Based on an average daily volume of 915,697 shares, the short-interest ratio is currently 0.7 days. Currently, 5.0% of the shares of the stock are short sold.

Teucrium Wheat Fund Trading Down 1.5%

Shares of Teucrium Wheat Fund stock traded down $0.39 during trading on Friday, reaching $25.85. 190,069 shares of the stock traded hands, compared to its average volume of 676,063. Teucrium Wheat Fund has a 52-week low of $19.78 and a 52-week high of $28.41. The business has a fifty day simple moving average of $25.42 and a two-hundred day simple moving average of $23.92.

Institutional Trading of Teucrium Wheat Fund

A number of large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new position in shares of Teucrium Wheat Fund during the 2nd quarter valued at approximately $110,000. Militia Capital Management LLC bought a new stake in Teucrium Wheat Fund in the first quarter worth $1,843,000. Royal Bank of Canada raised its stake in Teucrium Wheat Fund by 9,855.7% during 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 in the last quarter. Compound Planning Inc. purchased a new stake in Teucrium Wheat Fund during the first quarter valued at $232,000. Finally, Cetera Investment Advisers bought a new position in Teucrium Wheat Fund during the first quarter valued at $974,000.

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%.