Teucrium Soybean Fund (NYSEARCA:SOYB – Get Free Report) saw 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. Based on an average trading volume of 115,853 shares, the days-to-cover ratio is currently 2.3 days. Approximately 10.9% of the shares of the company are short sold.
Hedge Funds Weigh In On Teucrium Soybean Fund
A hedge fund recently bought a new stake in Teucrium Soybean Fund stock. Royal Bank of Canada bought a new position in shares of Teucrium Soybean Fund (NYSEARCA:SOYB – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,500 shares of the company’s stock, valued at approximately $37,000. Royal Bank of Canada owned approximately 0.06% of Teucrium Soybean Fund at the end of the most recent reporting period.
Teucrium Soybean Fund Trading Up 0.7%
Shares of NYSEARCA:SOYB traded up $0.19 on Monday, hitting $27.69. The company’s stock had a trading volume of 46,104 shares, compared to its average volume of 98,094. Teucrium Soybean Fund has a 12 month low of $21.36 and a 12 month high of $28.15. The stock’s 50-day moving average is $26.03 and its two-hundred day moving average is $25.02.
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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