Teucrium Wheat Fund (NYSEARCA:WEAT – Get Free Report) shot up 1.9% on Monday . The company traded as high as $4.95 and last traded at $4.93. 713,232 shares traded hands during trading, an increase of 4% from the average session volume of 685,463 shares. The stock had previously closed at $4.84.
Teucrium Wheat Fund Trading Up 0.8 %
The business has a fifty day moving average price of $5.17 and a two-hundred day moving average price of $5.35.
Hedge Funds Weigh In On Teucrium Wheat Fund
A number of hedge funds have recently modified their holdings of the business. Hobbs Group Advisors LLC purchased a new position in shares of Teucrium Wheat Fund during the 2nd quarter worth $27,000. Verity Asset Management Inc. lifted its stake in Teucrium Wheat Fund by 39.4% during the 1st quarter. Verity Asset Management Inc. now owns 62,023 shares of the company’s stock worth $336,000 after acquiring an additional 17,521 shares in the last quarter. IHT Wealth Management LLC acquired a new position in Teucrium Wheat Fund during the 3rd quarter worth about $105,000. National Bank of Canada FI acquired a new position in Teucrium Wheat Fund during the 2nd quarter worth about $242,000. Finally, Flow Traders U.S. LLC acquired a new position in Teucrium Wheat Fund during the 3rd quarter worth about $363,000.
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%.
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