Teucrium Soybean Fund (NYSEARCA:SOYB) Short Interest Update
by Scott Moore · The Cerbat GemTeucrium Soybean Fund (NYSEARCA:SOYB – Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 89,947 shares, a decrease of 75.3% from the April 30th total of 364,801 shares. Approximately 3.6% of the shares of the stock are sold short. Based on an average trading volume of 154,955 shares, the days-to-cover ratio is presently 0.6 days.
Teucrium Soybean Fund Stock Performance
Shares of NYSEARCA:SOYB traded down $0.07 during trading on Friday, reaching $25.15. 93,371 shares of the company traded hands, compared to its average volume of 103,586. The company’s 50 day moving average is $24.64 and its two-hundred day moving average is $23.56. Teucrium Soybean Fund has a 52 week low of $21.06 and a 52 week high of $25.47.
Institutional Trading of Teucrium Soybean Fund
Several institutional investors and hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC bought a new position in Teucrium Soybean Fund in the third quarter valued at about $1,732,000. Teucrium Investment Advisors LLC acquired a new stake in shares of Teucrium Soybean Fund in the 4th quarter valued at approximately $1,542,000. Simplex Trading LLC boosted its stake in shares of Teucrium Soybean Fund by 184.1% in the 4th quarter. Simplex Trading LLC now owns 22,839 shares of the company’s stock valued at $499,000 after purchasing an additional 14,801 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Teucrium Soybean Fund by 14.3% in the 4th 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 in the last quarter. Finally, Royal Bank of Canada acquired a new stake in shares of Teucrium Soybean Fund in the 1st quarter valued at approximately $37,000.
About Teucrium Soybean Fund
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%.