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

Teucrium Soybean Fund (NYSEARCA:SOYB) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 190,454 shares, a growth of 179.3% from the June 30th total of 68,184 shares. Based on an average trading volume of 112,622 shares, the days-to-cover ratio is presently 1.7 days. Currently, 7.9% of the shares of the company are sold short.

Institutional Trading of Teucrium Soybean Fund

Hedge funds have recently bought and sold shares of the stock. Flow Traders U.S. LLC bought a new position in shares of Teucrium Soybean Fund during the 3rd quarter worth about $1,732,000. Teucrium Investment Advisors LLC acquired a new position in shares of Teucrium Soybean Fund during the fourth quarter valued at about $1,542,000. Jane Street Group LLC lifted its stake 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 buying an additional 3,658 shares during the period. Simplex Trading LLC lifted its stake in shares of Teucrium Soybean Fund by 184.1% in the fourth quarter. Simplex Trading LLC now owns 22,839 shares of the company’s stock valued at $499,000 after buying an additional 14,801 shares during the period. Finally, Royal Bank of Canada acquired a new stake in Teucrium Soybean Fund during the first quarter worth about $37,000.

Teucrium Soybean Fund Stock Performance

Shares of Teucrium Soybean Fund stock opened at $25.71 on Wednesday. The company’s fifty day simple moving average is $24.88 and its 200-day simple moving average is $24.16. Teucrium Soybean Fund has a 1 year low of $21.06 and a 1 year high of $26.37.

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%.