Teucrium Wheat Fund Sees Unusually High Options Volume (NYSEARCA:WEAT)

Teucrium Wheat Fund (NYSEARCA:WEAT) saw unusually large options trading activity on Friday. Stock investors acquired 23,365 call options on the stock. This represents an increase of 2,296% compared to the average volume of 975 call options.

Institutional Trading of Teucrium Wheat Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Belpointe Asset Management LLC bought a new position in Teucrium Wheat Fund during the 4th quarter valued at $995,000. Fortis Capital Advisors LLC acquired a new stake in shares of Teucrium Wheat Fund in the 4th quarter valued at about $995,000. Jane Street Group LLC lifted its position in shares of Teucrium Wheat Fund by 129.8% during the fourth quarter. Jane Street Group LLC now owns 158,263 shares of the company’s stock worth $763,000 after purchasing an additional 89,390 shares during the last quarter. Verity Asset Management Inc. grew its stake in Teucrium Wheat Fund by 20.9% in the fourth quarter. Verity Asset Management Inc. now owns 78,194 shares of the company’s stock worth $377,000 after purchasing an additional 13,537 shares in the last quarter. Finally, IHT Wealth Management LLC increased its holdings in Teucrium Wheat Fund by 30.0% in the fourth quarter. IHT Wealth Management LLC now owns 26,000 shares of the company’s stock valued at $125,000 after buying an additional 6,000 shares during the last quarter.

Teucrium Wheat Fund Stock Performance

WEAT opened at $4.83 on Friday. The stock’s 50 day simple moving average is $4.90 and its 200 day simple moving average is $4.94. Teucrium Wheat Fund has a 1-year low of $4.55 and a 1-year high of $6.48.

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%.