Teucrium Wheat Fund (NYSEARCA:WEAT) Short Interest Up 73.3% in July

Teucrium Wheat Fund (NYSEARCA:WEATGet Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 875,233 shares, an increase of 73.3% from the June 30th total of 504,931 shares. Based on an average trading volume of 379,668 shares, the days-to-cover ratio is currently 2.3 days. Approximately 7.3% of the company’s stock are sold short.

Teucrium Wheat Fund Stock Down 3.3%

Shares of WEAT opened at $23.81 on Friday. Teucrium Wheat Fund has a twelve month low of $19.78 and a twelve month high of $26.08. The company has a 50 day moving average of $23.41 and a 200-day moving average of $22.74.

Institutional Trading of Teucrium Wheat Fund

Institutional investors have recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. acquired a new stake in Teucrium Wheat Fund during the 3rd quarter worth about $29,000. US Bancorp DE acquired a new position in shares of Teucrium Wheat Fund in the 3rd quarter valued at about $41,000. JPMorgan Chase & Co. acquired a new position in shares of Teucrium Wheat Fund in the 2nd quarter valued at about $66,000. Osaic Holdings Inc. boosted its position in shares of Teucrium Wheat Fund by 14.2% during the 2nd quarter. Osaic Holdings Inc. now owns 22,725 shares of the company’s stock valued at $101,000 after purchasing an additional 2,823 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of 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.

Teucrium Wheat Fund Company Profile

(Get Free Report)

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%.

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