luisella
Long

WEAT - I bought today - remain cautious

AMEX:WEAT   TEUCRIUM WHEAT FUND ETV
47 1 1
This is why you need to be cautious and place a stop at $10.72:

Teucrium Wheat Fund             ( WEAT             )

Unlike many commodity ETFs, this product doesn’t just cycle into the next month as expiration approaches. It rather utilizes a much more in-depth approach. The product uses three futures contracts for wheat             , all of which are traded on the CBOT Futures Exchange. The three contracts include the second-to-expire contract, weighted 35%; the third-to-expire contract, weighted 30%; and the contract expiring in the December following the expiration month of the third-to-expire contract, weighted 35%.

The fund has amassed $18.3 million in its asset base and trades in low volumes of about 58,000 shares a day. The product is quite a high-cost choice in the agricultural space as it charges a fee of 3.74% per year. The ETF has lost more than 13% in the first month of 2015 and has a Zacks ETF Rank of 4 or ‘Sell’ rating with a High risk outlook
Interesting information about the contract.
Did you take profits at the high?
What is your current view?
Reply
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