Teucrium Wheat Fund (NYSEARCA:WEAT – Get Free Report) was the target of some unusual options trading on Friday. Stock investors purchased 14,969 call options on the stock. This represents an increase of 124% compared to the typical volume of 6,684 call options.
Teucrium Wheat Fund Price Performance
NYSEARCA WEAT opened at $28.00 on Friday. The business has a 50 day simple moving average of $24.22 and a 200 day simple moving average of $23.37. Teucrium Wheat Fund has a 52-week low of $19.78 and a 52-week high of $28.19.
Institutional Investors Weigh In On Teucrium Wheat Fund
Several large investors have recently made changes to their positions in WEAT. Royal Bank of Canada increased its holdings in Teucrium Wheat Fund by 9,855.7% during the 1st quarter. Royal Bank of Canada now owns 100,055 shares of the company’s stock worth $2,358,000 after purchasing an additional 99,050 shares in the last quarter. Compound Planning Inc. bought a new stake in shares of Teucrium Wheat Fund in the first quarter valued at about $232,000. Cetera Investment Advisers acquired a new position in shares of Teucrium Wheat Fund during the first quarter worth about $974,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Teucrium Wheat Fund during the third quarter worth about $29,000. Finally, US Bancorp DE bought a new position in shares of Teucrium Wheat Fund during the third quarter worth about $41,000.
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%.
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