Teucrium Wheat Fund (NYSEARCA:WEAT) Short Interest Down 36.4% in May

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. PenderFund Capital Management Ltd. purchased a new stake in shares of Teucrium Wheat Fund in the 3rd quarter worth about $14,303,000. Walser Wealth Management Company A Ltd Liability Co purchased a new position in Teucrium Wheat Fund during the 1st quarter valued at about $2,610,000. Royal Bank of Canada raised its position in Teucrium Wheat Fund by 9,855.7% during the first quarter. Royal Bank of Canada now owns 100,055 shares of the company’s stock worth $2,358,000 after acquiring an additional 99,050 shares during the last quarter. Teucrium Investment Advisors LLC acquired a new stake in shares of Teucrium Wheat Fund in the fourth quarter valued at approximately $1,577,000. Finally, Militia Capital Management LLC acquired a new position in shares of Teucrium Wheat Fund during the 1st quarter worth approximately $1,843,000.

Teucrium Wheat Fund Stock Performance

NYSEARCA WEAT traded up $0.22 during mid-day trading on Tuesday, hitting $22.76. The stock had a trading volume of 403,415 shares, compared to its average volume of 732,935. The company has a 50 day simple moving average of $23.39 and a 200 day simple moving average of $21.99. Teucrium Wheat Fund has a 52-week low of $19.78 and a 52-week high of $25.60.

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%.