Teucrium Wheat Fund (NYSEARCA:WEAT) Trading Up 1.9% – Time to Buy?

Shares of Teucrium Wheat Fund (NYSEARCA:WEAT) rose 1.9% during trading on Monday . The stock traded as high as $4.95 and last traded at $4.93. Approximately 713,232 shares were traded during trading, an increase of 4% from the average daily volume of 685,463 shares. The stock had previously closed at $4.84.

Teucrium Wheat Fund Trading Up 1.9 %

The business’s fifty day simple moving average is $5.18 and its 200 day simple moving average is $5.36.

Institutional Trading of Teucrium Wheat Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC boosted its position in Teucrium Wheat Fund by 1,340.9% in the 1st quarter. Jane Street Group LLC now owns 2,556,305 shares of the company’s stock valued at $13,830,000 after buying an additional 2,378,895 shares during the last quarter. Verity Asset Management Inc. boosted its holdings in Teucrium Wheat Fund by 39.4% in the first 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 last quarter. Hobbs Group Advisors LLC acquired a new stake in Teucrium Wheat Fund in the second quarter worth about $27,000. Fortis Capital Advisors LLC bought a new stake in Teucrium Wheat Fund during the 2nd quarter worth about $939,000. Finally, Belpointe Asset Management LLC bought a new stake in Teucrium Wheat Fund during the 2nd quarter worth about $939,000.

Teucrium Wheat Fund Company Profile

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%.