Teucrium Wheat Fund (NYSEARCA:WEAT) Trading Down 1.8%

Teucrium Wheat Fund (NYSEARCA:WEATGet Free Report) was down 1.8% on Thursday . The company traded as low as $5.36 and last traded at $5.38. Approximately 860,157 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 668,606 shares. The stock had previously closed at $5.48.

Teucrium Wheat Fund Price Performance

The stock’s fifty day simple moving average is $5.91 and its two-hundred day simple moving average is $5.69.

Institutional Trading of Teucrium Wheat Fund

A number of hedge funds have recently made changes to their positions in WEAT. Jane Street Group LLC grew its holdings in Teucrium Wheat Fund by 1,340.9% during the first quarter. Jane Street Group LLC now owns 2,556,305 shares of the company’s stock valued at $13,830,000 after purchasing an additional 2,378,895 shares during the last quarter. TAP Consulting LLC acquired a new position in Teucrium Wheat Fund during the third quarter valued at approximately $2,397,000. BNP Paribas Financial Markets acquired a new position in Teucrium Wheat Fund during the fourth quarter valued at approximately $440,000. Jump Financial LLC acquired a new position in Teucrium Wheat Fund during the fourth quarter valued at approximately $390,000. Finally, Mason & Associates Inc acquired a new position in Teucrium Wheat Fund during the first quarter valued at approximately $258,000.

About Teucrium Wheat Fund

(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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