Teucrium Wheat Fund (NYSEARCA:WEAT) Short Interest Update

Teucrium Wheat Fund (NYSEARCA:WEAT) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 743,947 shares, a decline of 36.4% from the May 14th total of 1,170,090 shares. Currently, 6.5% of the shares of the company are sold short. Based on an average daily volume of 886,284 shares, the short-interest ratio is currently 0.8 days.

Teucrium Wheat Fund Price Performance

Shares of NYSEARCA:WEAT opened at $22.34 on Monday. The company has a 50 day moving average of $23.40 and a 200-day moving average of $21.98. Teucrium Wheat Fund has a twelve month low of $19.78 and a twelve month high of $25.60.

Hedge Funds Weigh In On Teucrium Wheat Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. bought a new position in Teucrium Wheat Fund during the 3rd quarter valued at $29,000. Rockefeller Capital Management L.P. boosted its stake in Teucrium Wheat Fund by 26.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 8,288 shares of the company’s stock valued at $166,000 after purchasing an additional 1,747 shares in the last quarter. Compound Planning Inc. bought a new position in Teucrium Wheat Fund during the 1st quarter valued at $232,000. US Bancorp DE bought a new position in Teucrium Wheat Fund during the 3rd quarter valued at $41,000. Finally, Vawter Financial Ltd. bought a new position in Teucrium Wheat Fund during the 3rd quarter valued at $44,000.

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%.