Short Interest in Teucrium Soybean Fund (NYSEARCA:SOYB) Drops By 68.5%

Teucrium Soybean Fund (NYSEARCA:SOYB) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 64,181 shares, a decline of 68.5% from the May 31st total of 203,857 shares. Based on an average daily trading volume, of 165,249 shares, the short-interest ratio is presently 0.4 days. Currently, 2.6% of the shares of the company are sold short.

Teucrium Soybean Fund Stock Up 0.7%

Shares of SOYB traded up $0.18 during mid-day trading on Tuesday, reaching $24.40. 89,430 shares of the stock traded hands, compared to its average volume of 104,411. The firm has a fifty day moving average price of $24.66 and a 200 day moving average price of $23.70. Teucrium Soybean Fund has a 1 year low of $21.06 and a 1 year high of $25.47.

Hedge Funds Weigh In On Teucrium Soybean Fund

Hedge funds have recently modified their holdings of the company. Flow Traders U.S. LLC bought a new position in Teucrium Soybean Fund in the third quarter worth about $1,732,000. Teucrium Investment Advisors LLC bought a new position in shares of Teucrium Soybean Fund in the fourth quarter worth approximately $1,542,000. Simplex Trading LLC boosted its stake 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 purchasing an additional 14,801 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Teucrium Soybean Fund by 14.3% during 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 last quarter. Finally, Royal Bank of Canada purchased a new position in shares of Teucrium Soybean Fund during the first quarter valued at 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%.