Teucrium Wheat Fund (NYSEARCA:WEAT) Trading Down 1.9% – Here’s Why

Teucrium Wheat Fund (NYSEARCA:WEAT)’s stock price dropped 1.9% during trading on Monday . The company traded as low as $20.52 and last traded at $20.57. Approximately 245,855 shares were traded during trading, an increase of 37% from the average daily volume of 179,598 shares. The stock had previously closed at $20.97.

Teucrium Wheat Fund Stock Down 1.9%

The stock has a 50 day moving average price of $20.42 and a two-hundred day moving average price of $20.89.

Hedge Funds Weigh In On Teucrium Wheat Fund

Several institutional investors have recently bought and sold shares of WEAT. PenderFund Capital Management Ltd. purchased a new stake in Teucrium Wheat Fund during the third quarter worth about $14,303,000. Rockefeller Capital Management L.P. purchased a new position in shares of Teucrium Wheat Fund in the second quarter valued at approximately $379,000. Revisor Wealth Management LLC increased its stake in Teucrium Wheat Fund by 145.5% during the 3rd quarter. Revisor Wealth Management LLC now owns 75,355 shares of the company’s stock worth $308,000 after buying an additional 44,656 shares during the period. Verity Asset Management Inc. increased its stake in Teucrium Wheat Fund by 54.4% during the 2nd quarter. Verity Asset Management Inc. now owns 58,106 shares of the company’s stock worth $258,000 after buying an additional 20,475 shares during the period. Finally, IMC Chicago LLC grew its stake in shares of Teucrium Wheat Fund by 32.4% in the third quarter. IMC Chicago LLC now owns 53,921 shares of the company’s stock worth $222,000 after acquiring an additional 13,189 shares in the last quarter.

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%.