Traders Buy Large Volume of Call Options on Teucrium Wheat Fund (NYSEARCA:WEAT)

Teucrium Wheat Fund (NYSEARCA:WEAT) was the target of some unusual options trading activity on Tuesday. Investors bought 7,227 call options on the company. This represents an increase of approximately 71% compared to the average volume of 4,214 call options.

Teucrium Wheat Fund Price Performance

Teucrium Wheat Fund stock opened at $23.57 on Wednesday. The company’s 50-day moving average price is $21.86 and its two-hundred day moving average price is $21.09. Teucrium Wheat Fund has a twelve month low of $19.78 and a twelve month high of $24.35.

Hedge Funds Weigh In On Teucrium Wheat Fund

A number of large investors have recently made changes to their positions in the company. PenderFund Capital Management Ltd. acquired a new stake in Teucrium Wheat Fund during the 3rd quarter worth approximately $14,303,000. Teucrium Investment Advisors LLC acquired a new position in Teucrium Wheat Fund in the 4th quarter valued at $1,577,000. JPMorgan Chase & Co. grew its holdings in Teucrium Wheat Fund by 259.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 53,081 shares of the company’s stock valued at $218,000 after buying an additional 38,304 shares in the last quarter. Osaic Holdings Inc. increased its position in Teucrium Wheat Fund by 14.2% during the 2nd quarter. Osaic Holdings Inc. now owns 22,725 shares of the company’s stock worth $101,000 after buying an additional 2,823 shares during the period. Finally, US Bancorp DE bought a new position in Teucrium Wheat Fund during the 3rd quarter worth $41,000.

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%.