Teucrium Soybean Fund (NYSEARCA:SOYB) Sees Significant Drop in Short Interest

Teucrium Soybean Fund (NYSEARCA:SOYB) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 106,902 shares, a decrease of 43.9% from the July 15th total of 190,454 shares. Based on an average trading volume of 57,253 shares, the days-to-cover ratio is presently 1.9 days. Approximately 4.4% of the shares of the stock are sold short.

Teucrium Soybean Fund Stock Performance

Shares of NYSEARCA SOYB traded up $0.30 during midday trading on Monday, hitting $25.67. The stock had a trading volume of 17,954 shares, compared to its average volume of 97,951. The stock has a 50 day simple moving average of $24.94 and a 200-day simple moving average of $24.45. Teucrium Soybean Fund has a 1 year low of $21.36 and a 1 year high of $26.37.

Institutional Investors Weigh In On Teucrium Soybean Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Teucrium Investment Advisors LLC acquired a new stake in shares of Teucrium Soybean Fund in the 4th quarter worth $1,542,000. Jane Street Group LLC grew its holdings 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 valued at $640,000 after purchasing an additional 3,658 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of Teucrium Soybean Fund in the third quarter valued at about $1,732,000. Simplex Trading LLC increased its position in Teucrium Soybean Fund by 184.1% during 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 last quarter. Finally, Royal Bank of Canada acquired a new stake in Teucrium Soybean Fund during the first quarter worth about $37,000.

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%.