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

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

Teucrium Soybean Fund Stock Performance

NYSEARCA:SOYB opened at $25.80 on Wednesday. The firm’s fifty day moving average price is $25.01 and its 200 day moving average price is $24.50. 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

Hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC purchased a new position in Teucrium Soybean Fund in the third quarter valued at about $1,732,000. Teucrium Investment Advisors LLC purchased a new stake in shares of Teucrium Soybean Fund in the 4th quarter worth about $1,542,000. Simplex Trading LLC increased its holdings in Teucrium Soybean Fund by 184.1% during the 4th quarter. Simplex Trading LLC now owns 22,839 shares of the company’s stock valued at $499,000 after acquiring an additional 14,801 shares in the last quarter. Jane Street Group LLC grew 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 valued at $640,000 after purchasing an additional 3,658 shares during the last quarter. Finally, Royal Bank of Canada acquired a new position in shares of Teucrium Soybean Fund during the 1st quarter worth approximately $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%.