Teucrium Soybean Fund (NYSEARCA:SOYB – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 264,338 shares, a growth of 185.2% from the August 15th total of 92,699 shares. Currently, 10.9% of the shares of the company are short sold. Based on an average daily volume of 115,853 shares, the short-interest ratio is presently 2.3 days.
Hedge Funds Weigh In On Teucrium Soybean Fund
Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new stake in shares of Teucrium Soybean Fund during the 1st quarter valued at $37,000. Simplex Trading LLC increased its position in shares of Teucrium Soybean Fund by 184.1% in the fourth quarter. Simplex Trading LLC now owns 22,839 shares of the company’s stock worth $499,000 after purchasing an additional 14,801 shares during the period. Jane Street Group LLC increased its position in shares of Teucrium Soybean Fund by 14.3% in the fourth quarter. Jane Street Group LLC now owns 29,258 shares of the company’s stock worth $640,000 after purchasing an additional 3,658 shares during the period. Teucrium Investment Advisors LLC bought a new position in shares of Teucrium Soybean Fund in the fourth quarter worth $1,542,000. Finally, Flow Traders U.S. LLC acquired a new position in Teucrium Soybean Fund in the third quarter valued at about $1,732,000.
Teucrium Soybean Fund Stock Performance
Shares of NYSEARCA:SOYB opened at $27.50 on Friday. Teucrium Soybean Fund has a 12-month low of $21.36 and a 12-month high of $28.15. The company’s 50 day moving average price is $26.03 and its two-hundred day moving average price is $25.01.
Teucrium Soybean Fund Company Profile
Teucrium Soybean Fund (the Fund) is a commodity pool. The Fund is a series of the Teucrium Commodity Trust (Trust).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 soybeans (Soybean Futures Contracts) that are traded on the Chicago Board of Trade (CBOT). The three Soybean Futures Contracts include second-to-expire CBOT Soybean Futures Contract, weighted 35%; the third-to-expire CBOT Soybean Futures Contract, weighted 30%, and the CBOT Soybean Futures Contract, weighted 35%.
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