Short Interest in Teucrium 2x Daily Wheat ETF (NYSEARCA:WXET) Drops By 67.9%

Teucrium 2x Daily Wheat ETF (NYSEARCA:WXET) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 14,128 shares, a decrease of 67.9% from the April 30th total of 44,069 shares. Approximately 3.6% of the shares of the stock are sold short. Based on an average daily volume of 47,336 shares, the days-to-cover ratio is presently 0.3 days.

Teucrium 2x Daily Wheat ETF Stock Performance

Shares of NYSEARCA WXET traded down $0.88 during midday trading on Friday, reaching $19.12. 18,094 shares of the company were exchanged, compared to its average volume of 29,950. The stock’s 50-day moving average price is $20.20 and its 200-day moving average price is $17.86. Teucrium 2x Daily Wheat ETF has a one year low of $14.52 and a one year high of $24.02.

About Teucrium 2x Daily Wheat ETF

The Teucrium 2x Daily Wheat ETF (WXET) is an exchange-traded fund that mostly invests in wheat commodities. The fund is an actively managed fund that seeks 200% the daily price performance of wheat futures. The fund invests via a subsidiary that holds the contracts WXET was launched on Dec 12, 2024 and is issued by Teucrium.