Teucrium Wheat Fund (NYSEARCA:WEAT) Trading 0.9% Higher – What’s Next?

Teucrium Wheat Fund (NYSEARCA:WEAT) rose 0.9% during trading on Monday . The company traded as high as $5.37 and last traded at $5.37. Approximately 518,468 shares traded hands during trading, a decline of 26% from the average daily volume of 702,017 shares. The stock had previously closed at $5.32.

Teucrium Wheat Fund Trading Up 0.7 %

The stock has a 50-day moving average price of $5.09 and a 200 day moving average price of $5.42.

Institutional Investors Weigh In On Teucrium Wheat Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC boosted its stake in shares of Teucrium Wheat Fund by 1,340.9% during the 1st quarter. Jane Street Group LLC now owns 2,556,305 shares of the company’s stock worth $13,830,000 after buying an additional 2,378,895 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Teucrium Wheat Fund in the second quarter valued at approximately $939,000. Fortis Capital Advisors LLC acquired a new position in shares of Teucrium Wheat Fund during the 2nd quarter worth approximately $939,000. Verity Asset Management Inc. raised its stake in Teucrium Wheat Fund by 39.4% in the 1st quarter. Verity Asset Management Inc. now owns 62,023 shares of the company’s stock valued at $336,000 after acquiring an additional 17,521 shares during the period. Finally, National Bank of Canada FI bought a new position in shares of Teucrium Wheat Fund in the second quarter valued at about $242,000.

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%.