Shares of Teucrium Wheat Fund (ARCA:WEAT) traded at a new 52-week high today of $7.06. So far today approximately 201,000 shares have been exchanged, as compared to an average 30-day volume of 534,000 shares.
The investment seeks for changes in the Shares¿ NAV to reflect the daily changes of the price of wheat for future delivery, as measured by the Teucrium Wheat Index.
The fund seeks to achieve its investment objective by investing under normal market conditions in Benchmark Component Futures Contracts. Under normal market conditions, the manager expects that 100% of the fund¿s assets will be used to trade Wheat Futures Contracts and invest in cash and cash equivalents.
In the past 52 weeks, shares of Teucrium Wheat Fund have traded between a low of $4.85 and a high of $7.06 and is now at $7.04, which is 45% above that low price.
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