Teucrium Wheat Fund (NYSEARCA:WEAT – Get Free Report) was the target of unusually large options trading on Monday. Stock investors purchased 4,534 call options on the company. This is an increase of 100% compared to the average daily volume of 2,272 call options.
Institutional Investors Weigh In On Teucrium Wheat Fund
A number of hedge funds have recently made changes to their positions in WEAT. JPMorgan Chase & Co. increased its position in shares of Teucrium Wheat Fund by 637.6% during the 1st quarter. JPMorgan Chase & Co. now owns 55,427 shares of the company’s stock worth $547,000 after purchasing an additional 47,912 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Teucrium Wheat Fund by 129.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,183 shares of the company’s stock worth $386,000 after purchasing an additional 22,083 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Teucrium Wheat Fund during the 1st quarter worth about $137,000. Citigroup Inc. increased its position in shares of Teucrium Wheat Fund by 47.7% during the 1st quarter. Citigroup Inc. now owns 2,953 shares of the company’s stock worth $29,000 after purchasing an additional 953 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Teucrium Wheat Fund during the 1st quarter worth about $99,000.
Teucrium Wheat Fund Stock Performance
Shares of NYSEARCA:WEAT opened at $6.50 on Tuesday. The company’s fifty day moving average is $6.48 and its 200-day moving average is $6.96. Teucrium Wheat Fund has a 52 week low of $5.88 and a 52 week high of $9.50.
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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