Teucrium Soybean Fund (NYSEARCA:SOYB) Stock Falls 1.2% – What’s Next?

Teucrium Soybean Fund (NYSEARCA:SOYB) shares traded down 1.2% during trading on Monday. The stock traded as low as $26.19 and last traded at $26.46. 30,550 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 91,494 shares. The stock had previously closed at $26.79.

Teucrium Soybean Fund Trading Down 1.2%

The stock has a 50-day moving average of $27.21 and a 200 day moving average of $24.97.

Hedge Funds Weigh In On Teucrium Soybean Fund

An institutional investor recently bought a new stake in Teucrium Soybean Fund stock. Royal Bank of Canada bought a new position in shares of Teucrium Soybean Fund (NYSEARCA:SOYB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,500 shares of the company’s stock, valued at approximately $37,000. Royal Bank of Canada owned about 0.06% of Teucrium Soybean Fund as of its most recent filing with the Securities & Exchange Commission.

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%.