Teucrium Wheat Fund (NYSEARCA:WEAT) Shares Down 0.2%

Teucrium Wheat Fund (NYSEARCA:WEAT)’s share price dropped 0.2% during mid-day trading on Thursday . The company traded as low as $5.19 and last traded at $5.20. Approximately 235,703 shares were traded during trading, a decline of 60% from the average daily volume of 584,846 shares. The stock had previously closed at $5.21.

Teucrium Wheat Fund Stock Performance

The stock’s 50 day simple moving average is $5.32 and its 200-day simple moving average is $5.61.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WEAT. Jane Street Group LLC increased its stake in shares of Teucrium Wheat Fund by 75.6% in the third quarter. Jane Street Group LLC now owns 1,298,974 shares of the company’s stock worth $11,885,000 after acquiring an additional 559,078 shares during the period. LPL Financial LLC grew its position in Teucrium Wheat Fund by 564.3% during the 2nd quarter. LPL Financial LLC now owns 608,189 shares of the company’s stock worth $5,498,000 after purchasing an additional 516,629 shares during the period. TAP Consulting LLC acquired a new position in shares of Teucrium Wheat Fund in the 3rd quarter valued at about $2,397,000. Wells Fargo & Company MN acquired a new position in shares of Teucrium Wheat Fund in the 2nd quarter valued at about $2,271,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Teucrium Wheat Fund in the first quarter worth about $1,285,000.

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%.