Teucrium Soybean Fund (NYSEARCA:SOYB) Shares Up 0.3% – Should You Buy?

Teucrium Soybean Fund (NYSEARCA:SOYB)’s share price was up 0.3% on Monday . The stock traded as high as $24.45 and last traded at $24.42. Approximately 57,949 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 87,641 shares. The stock had previously closed at $24.35.

Teucrium Soybean Fund Price Performance

The firm has a 50-day moving average of $23.69 and a two-hundred day moving average of $22.88.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Simplex Trading LLC grew its position in 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 acquiring an additional 14,801 shares during the period. Jane Street Group LLC grew its position in 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 acquiring an additional 3,658 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in Teucrium Soybean Fund in the second quarter worth approximately $1,123,000. Teucrium Investment Advisors LLC purchased a new position in shares of Teucrium Soybean Fund during the fourth quarter worth $1,542,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Teucrium Soybean Fund during the third quarter worth $1,732,000.

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%.