Teucrium Wheat Fund (NYSEARCA:WEAT) Short Interest Update
by Doug Wharley · The Cerbat GemTeucrium Wheat Fund (NYSEARCA:WEAT – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 2,878,044 shares, a growth 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 short-interest ratio is presently 3.1 days. Approximately 25.2% of the shares of the company are short sold.
Teucrium Wheat Fund Trading Down 2.9%
Shares of NYSEARCA:WEAT traded down $0.71 during mid-day trading on Friday, reaching $24.11. The company had a trading volume of 1,090,837 shares, compared to its average volume of 734,250. The company’s 50-day moving average price is $23.20 and its 200-day moving average price is $21.67. Teucrium Wheat Fund has a one year low of $19.78 and a one year high of $25.60.
Institutional Investors Weigh In On Teucrium Wheat Fund
A number of hedge funds have recently modified their holdings of WEAT. Pin Oak Investment Advisors Inc. purchased a new position in shares of Teucrium Wheat Fund during the 3rd quarter valued at $29,000. US Bancorp DE purchased a new position in shares of Teucrium Wheat Fund during the 3rd quarter valued at $41,000. Vawter Financial Ltd. purchased a new position in shares of Teucrium Wheat Fund during the 3rd quarter valued at $44,000. GK Wealth Management LLC purchased a new position in shares of Teucrium Wheat Fund during the 3rd quarter valued at $45,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Teucrium Wheat Fund during the 2nd quarter valued at $66,000.
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%.