- What does WXET invest in?
- This Exchange Traded Fund (ETF) aims to primarily achieve its investment objective by strategically gaining exposure to wheat futures contracts. These contracts are exclusively traded on exchanges overseen by the Commodity Futures Trading Commission (CFTC). Additionally, the fund holds liquid assets such as cash, cash equivalents, or high-quality securities, which serve as collateral for its investments in wheat futures. This fund is considered non-diversified.
- What is the expense ratio of WXET?
- Teucrium 2x Daily Wheat ETF (WXET) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.
- Is WXET a good long-term hold?
- WXET is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
- How does WXET's daily reset work?
- WXET rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
- How big is WXET?
- Teucrium 2x Daily Wheat ETF (WXET) manages $6.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is WXET actively managed or an index fund?
- WXET's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
