Teucrium Wheat Fund (NYSEARCA:WEAT) Sees Significant Decline in Short Interest

Teucrium Wheat Fund (NYSEARCA:WEAT) saw a significant decrease in short interest in 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. Approximately 5.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 915,697 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of Teucrium Wheat Fund

Several institutional investors have recently bought and sold shares of WEAT. NewEdge Advisors LLC purchased a new position in Teucrium Wheat Fund in the second quarter worth about $110,000. Militia Capital Management LLC bought a new position in Teucrium Wheat Fund during the 1st quarter valued at about $1,843,000. Royal Bank of Canada grew its stake 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 worth $2,358,000 after purchasing an additional 99,050 shares in the last quarter. Compound Planning Inc. purchased a new stake in shares of Teucrium Wheat Fund during the first quarter valued at about $232,000. Finally, Cetera Investment Advisers acquired a new position in Teucrium Wheat Fund during the first quarter valued at $974,000.

Teucrium Wheat Fund Price Performance

WEAT stock traded down $0.25 during mid-day trading on Thursday, reaching $26.30. 519,836 shares of the company traded hands, compared to its average volume of 678,633. Teucrium Wheat Fund has a fifty-two week low of $19.78 and a fifty-two week high of $28.41. The firm’s 50 day moving average price is $25.36 and its 200 day moving average price is $23.89.

About Teucrium Wheat Fund

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%.