ETF Trends
ETF Trends

We recently covered Teucrium’s largest ETF by asset size in this piece, CORN (Teucrium Corn Fund, Expense Ratio 2.75%), which has been on the move throughout the month of October on heavier than average trading volume, now trading at its highest levels since the late August/early September time period.

WEAT (Teucrium Wheat Fund, Expense Ratio 1.00%) has quietly raised more than $25 million this year via new creations, and average daily trading volume is more than 96,000 shares in the product.

WEAT actually dwarfs its next closest competitor in the “Wheat” sub-category within Agricultural based ETPs at the moment, WEET (iPath Pure Beta Grains ETN, Expense Ratio 0.75%), which has less than $1 million in
AUM.

It is entirely possible that potential Wheat ETP investors prefer WEAT to WEET because of the “ETF versus ETN” factor as well, as this is a dynamic that is quite noticeable and understandably so, among buy-side managers in the marketplace.

Notably, Wheat prices have basically taken a pounding in 2014, with WEAT down >20% year to date, in spite of a huge bounce in the short term throughout the month of October until this point. Briefly trading above $12 Friday morning, WEAT has regressed rather sharply off of these recent highs and seems to be seeing some static around its 50 day MA ($11.73).

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