Teucrium Soybean Fund (NYSEARCA:SOYB) Trading Down 0.3% – What’s Next?

Teucrium Soybean Fund (NYSEARCA:SOYB) dropped 0.3% during trading on Friday . The stock traded as low as $22.01 and last traded at $22.01. Approximately 36,278 shares traded hands during trading, a decline of 42% from the average daily volume of 62,253 shares. The stock had previously closed at $22.08.

Teucrium Soybean Fund Price Performance

The firm’s 50 day moving average price is $22.86 and its two-hundred day moving average price is $22.22.

Institutional Investors Weigh In On Teucrium Soybean Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of SOYB. Harbour Investments Inc. boosted its stake in Teucrium Soybean Fund by 34.6% in the 2nd quarter. Harbour Investments Inc. now owns 2,520 shares of the company’s stock worth $55,000 after purchasing an additional 648 shares during the period. Simplex Trading LLC boosted its position in shares of Teucrium Soybean Fund by 267.5% in the first quarter. Simplex Trading LLC now owns 2,580 shares of the company’s stock valued at $55,000 after acquiring an additional 1,878 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in Teucrium Soybean Fund during the second quarter valued at approximately $1,123,000. Finally, Flow Traders U.S. LLC bought a new stake in Teucrium Soybean Fund during the 3rd quarter worth approximately $1,732,000.

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%.