Teucrium Wheat Fund (NYSEARCA:WEAT) Shares Down 1.3% – Here’s What Happened

Teucrium Wheat Fund (NYSEARCA:WEAT) shares dropped 1.3% on Tuesday . The stock traded as low as $4.64 and last traded at $4.70. Approximately 2,103,634 shares traded hands during trading, an increase of 98% from the average daily volume of 1,063,557 shares. The stock had previously closed at $4.76.

Teucrium Wheat Fund Trading Down 1.3 %

The firm’s 50-day moving average is $4.93 and its two-hundred day moving average is $5.00.

Hedge Funds Weigh In On Teucrium Wheat Fund

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC raised its position in shares of Teucrium Wheat Fund by 129.8% in the fourth quarter. Jane Street Group LLC now owns 158,263 shares of the company’s stock valued at $763,000 after purchasing an additional 89,390 shares during the period. Revisor Wealth Management LLC bought a new position in Teucrium Wheat Fund during the fourth quarter worth $55,000. IHT Wealth Management LLC increased its position in Teucrium Wheat Fund by 30.0% during the fourth quarter. IHT Wealth Management LLC now owns 26,000 shares of the company’s stock worth $125,000 after acquiring an additional 6,000 shares during the period. Belpointe Asset Management LLC bought a new position in Teucrium Wheat Fund during the fourth quarter worth $995,000. Finally, Fortis Capital Advisors LLC bought a new position in Teucrium Wheat Fund during the fourth quarter worth $995,000.

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%.