Teucrium Wheat Fund (NYSEARCA:WEAT – Get Free Report) was the recipient of some unusual options trading activity on Thursday. Investors acquired 6,763 call options on the company. This represents an increase of approximately 662% compared to the average daily volume of 887 call options.
Teucrium Wheat Fund Price Performance
Shares of WEAT stock opened at $22.35 on Friday. The firm has a 50 day moving average of $20.82 and a two-hundred day moving average of $20.84. Teucrium Wheat Fund has a 52 week low of $19.78 and a 52 week high of $25.10.
Institutional Investors Weigh In On Teucrium Wheat Fund
Hedge funds have recently bought and sold shares of the stock. Pin Oak Investment Advisors Inc. purchased a new position in shares of Teucrium Wheat Fund in the 3rd quarter valued at about $29,000. US Bancorp DE acquired a new stake in Teucrium Wheat Fund in the third quarter valued at approximately $41,000. Vawter Financial Ltd. purchased a new position in Teucrium Wheat Fund in the third quarter worth approximately $44,000. GK Wealth Management LLC purchased a new position in Teucrium Wheat Fund in the third quarter worth approximately $45,000. Finally, JPMorgan Chase & Co. acquired a new position in Teucrium Wheat Fund during the 2nd quarter worth approximately $66,000.
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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