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

Teucrium Wheat Fund (NYSEARCA:WEAT) was the target of some unusual options trading on Friday. Investors bought 14,969 call options on the stock. This represents an increase of 124% compared to the average volume of 6,684 call options.

Teucrium Wheat Fund Trading Up 3.0%

WEAT traded up $0.81 during trading on Friday, reaching $28.03. 745,559 shares of the company traded hands, compared to its average volume of 668,249. The firm has a fifty day simple moving average of $24.12 and a 200 day simple moving average of $23.34. Teucrium Wheat Fund has a 12-month low of $19.78 and a 12-month high of $28.19.

Institutional Investors Weigh In On Teucrium Wheat Fund

Large investors have recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. purchased a new stake in Teucrium Wheat Fund during the third quarter valued at approximately $29,000. US Bancorp DE bought a new position in shares of Teucrium Wheat Fund in the third quarter worth about $41,000. JPMorgan Chase & Co. purchased a new position in shares of Teucrium Wheat Fund during the second quarter worth approximately $66,000. Osaic Holdings Inc. raised 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 valued at $101,000 after purchasing an additional 2,823 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Teucrium Wheat Fund by 26.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 8,288 shares of the company’s stock worth $166,000 after purchasing an additional 1,747 shares during the period.

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%.