Short Interest in Teucrium Wheat Fund (NYSEARCA:WEAT) Drops By 59.3%

Teucrium Wheat Fund (NYSEARCA:WEAT) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,170,090 shares, a decrease of 59.3% from the April 30th total of 2,878,044 shares. Based on an average trading volume of 955,544 shares, the days-to-cover ratio is presently 1.2 days. Approximately 10.3% of the company’s shares are sold short.

Teucrium Wheat Fund Price Performance

WEAT traded down $0.07 during trading hours on Monday, hitting $23.31. 605,456 shares of the company’s stock were exchanged, compared to its average volume of 746,360. Teucrium Wheat Fund has a 12-month low of $19.78 and a 12-month high of $25.60. The firm has a 50 day moving average of $23.49 and a 200 day moving average of $21.90.

Institutional Investors Weigh In On Teucrium Wheat Fund

Several large investors have recently added to or reduced their stakes in the business. PenderFund Capital Management Ltd. purchased a new stake in Teucrium Wheat Fund during the 3rd quarter worth approximately $14,303,000. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in Teucrium Wheat Fund during the 1st quarter worth approximately $2,610,000. Royal Bank of Canada increased its stake 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 worth $2,358,000 after buying an additional 99,050 shares during the period. Teucrium Investment Advisors LLC purchased a new stake in Teucrium Wheat Fund during the 4th quarter worth approximately $1,577,000. Finally, Militia Capital Management LLC purchased a new stake in shares of Teucrium Wheat Fund in the 1st quarter valued at approximately $1,843,000.

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%.