Teucrium Wheat Fund (NYSEARCA:WEAT) Short Interest Down 34.0% in August

Teucrium Wheat Fund (NYSEARCA:WEAT) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 614,969 shares, a decrease of 34.0% from the August 15th total of 931,106 shares. Based on an average daily volume of 915,697 shares, the days-to-cover ratio is presently 0.7 days. Currently, 5.0% of the shares of the company are short sold.

Teucrium Wheat Fund Price Performance

Shares of NYSEARCA:WEAT traded down $0.25 during trading on Thursday, hitting $26.30. The company had a trading volume of 519,836 shares, compared to its average volume of 678,633. Teucrium Wheat Fund has a one year low of $19.78 and a one year high of $28.41. The company has a fifty day simple moving average of $25.36 and a two-hundred day simple moving average of $23.89.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC acquired a new position in Teucrium Wheat Fund in the 2nd quarter valued at about $110,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Teucrium Wheat Fund by 26.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 8,288 shares of the company’s stock worth $166,000 after purchasing an additional 1,747 shares during the last quarter. Compound Planning Inc. acquired a new position in Teucrium Wheat Fund during the 1st quarter valued at about $232,000. CVS HEALTH Corp bought a new stake in Teucrium Wheat Fund during the first quarter worth approximately $471,000. Finally, Revisor Wealth Management LLC increased its holdings in shares of Teucrium Wheat Fund by 13.9% in the 1st quarter. Revisor Wealth Management LLC now owns 21,447 shares of the company’s stock valued at $506,000 after purchasing an additional 2,616 shares during the period.

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%.