Stock Traders Buy High Volume of Call Options on Teucrium Wheat Fund (NYSEARCA:WEAT)

Teucrium Wheat Fund (NYSEARCA:WEAT) saw unusually large options trading on Tuesday. Traders acquired 7,227 call options on the company. This is an increase of 71% compared to the typical volume of 4,214 call options.

Teucrium Wheat Fund Trading Up 0.9%

WEAT stock traded up $0.20 during midday trading on Tuesday, hitting $23.46. 846,971 shares of the company traded hands, compared to its average volume of 578,292. The business has a 50 day simple moving average of $21.79 and a 200-day simple moving average of $21.07. Teucrium Wheat Fund has a twelve month low of $19.78 and a twelve month high of $24.35.

Institutional Investors Weigh In On Teucrium Wheat Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. grew its holdings in shares of Teucrium Wheat Fund by 26.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 8,288 shares of the company’s stock valued at $166,000 after acquiring an additional 1,747 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Teucrium Wheat Fund by 14.2% in the 2nd quarter. Osaic Holdings Inc. now owns 22,725 shares of the company’s stock worth $101,000 after acquiring an additional 2,823 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in shares of Teucrium Wheat Fund in the third quarter valued at approximately $29,000. US Bancorp DE purchased a new stake in shares of Teucrium Wheat Fund during the third quarter worth $41,000. Finally, Vawter Financial Ltd. purchased a new stake in Teucrium Wheat Fund during the 3rd quarter worth about $44,000.

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%.