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

Teucrium Wheat Fund (NYSEARCA:WEAT) was the target of a large increase in short interest in 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. Based on an average daily trading volume, of 933,824 shares, the days-to-cover ratio is currently 3.1 days. Currently, 25.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Teucrium Wheat Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in shares of Teucrium Wheat Fund in the 2nd quarter valued at approximately $66,000. Osaic Holdings Inc. lifted its stake in shares of Teucrium Wheat Fund by 14.2% in the 2nd quarter. Osaic Holdings Inc. now owns 22,725 shares of the company’s stock valued at $101,000 after purchasing an additional 2,823 shares during the period. IMC Chicago LLC lifted its stake in shares of Teucrium Wheat Fund by 32.4% in the 3rd quarter. IMC Chicago LLC now owns 53,921 shares of the company’s stock valued at $222,000 after purchasing an additional 13,189 shares during the period. GK Wealth Management LLC purchased a new position in shares of Teucrium Wheat Fund in the 3rd quarter valued at approximately $45,000. Finally, Vawter Financial Ltd. purchased a new position in shares of Teucrium Wheat Fund in the 3rd quarter valued at approximately $44,000.

Teucrium Wheat Fund Trading Down 2.9%

NYSEARCA WEAT traded down $0.71 on Friday, hitting $24.11. The company’s stock had a trading volume of 1,090,837 shares, compared to its average volume of 734,250. Teucrium Wheat Fund has a 52-week low of $19.78 and a 52-week high of $25.60. The company’s 50-day simple moving average is $23.20 and its 200 day simple 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%.