Teucrium Wheat Fund (NYSEARCA:WEAT) Trading Down 1.4% – Here’s What Happened

Shares of Teucrium Wheat Fund (NYSEARCA:WEAT) traded down 1.4% during trading on Monday . The company traded as low as $5.04 and last traded at $5.04. 481,799 shares traded hands during trading, a decline of 30% from the average session volume of 691,930 shares. The stock had previously closed at $5.11.

Teucrium Wheat Fund Price Performance

The firm has a 50-day moving average of $5.16 and a two-hundred day moving average of $5.41.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC boosted its position in shares of Teucrium Wheat Fund by 1,340.9% in the first 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 period. Belpointe Asset Management LLC purchased a new position in Teucrium Wheat Fund in the 2nd quarter worth approximately $939,000. Fortis Capital Advisors LLC purchased a new position in Teucrium Wheat Fund in the 2nd quarter worth approximately $939,000. Atlas Financial Advisors Inc. acquired a new stake in Teucrium Wheat Fund in the third quarter valued at approximately $423,000. Finally, Verity Asset Management Inc. raised its stake in shares of Teucrium Wheat Fund by 39.4% during the first quarter. Verity Asset Management Inc. now owns 62,023 shares of the company’s stock valued at $336,000 after purchasing an additional 17,521 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%.