Teucrium Wheat Fund (NYSEARCA:WEAT) Short Interest Down 59.3% in May

Teucrium Wheat Fund (NYSEARCA:WEAT) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,170,090 shares, a decrease of 59.3% from the April 30th total of 2,878,044 shares. Approximately 10.3% of the company’s stock are short sold. Based on an average daily volume of 955,544 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of Teucrium Wheat Fund

A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in Teucrium Wheat Fund by 259.2% during the third quarter. JPMorgan Chase & Co. now owns 53,081 shares of the company’s stock worth $218,000 after purchasing an additional 38,304 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co purchased a new position in Teucrium Wheat Fund during the first quarter worth approximately $2,610,000. CVS HEALTH Corp purchased a new position in Teucrium Wheat Fund during the first quarter worth approximately $471,000. Teucrium Investment Advisors LLC purchased a new position in Teucrium Wheat Fund during the fourth quarter worth approximately $1,577,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in Teucrium Wheat Fund during the third quarter worth approximately $29,000.

Teucrium Wheat Fund Stock Down 1.9%

Shares of WEAT stock traded down $0.45 during mid-day trading on Friday, reaching $23.38. The stock had a trading volume of 887,473 shares, compared to its average volume of 747,719. The business’s fifty day moving average is $23.49 and its 200-day moving average is $21.88. Teucrium Wheat Fund has a 1-year low of $19.78 and a 1-year high of $25.60.

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%.