Teucrium Soybean Fund (NYSEARCA:SOYB) Stock Price Down 0.8% – Here’s Why

Teucrium Soybean Fund (NYSEARCA:SOYB)’s share price was down 0.8% during mid-day trading on Friday . The company traded as low as $22.17 and last traded at $22.24. Approximately 51,935 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 50,852 shares. The stock had previously closed at $22.43.

Teucrium Soybean Fund Stock Performance

The business’s 50 day simple moving average is $22.44 and its two-hundred day simple moving average is $22.26.

Hedge Funds Weigh In On Teucrium Soybean Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Harbour Investments Inc. lifted its position in Teucrium Soybean Fund by 34.6% in the 2nd quarter. Harbour Investments Inc. now owns 2,520 shares of the company’s stock valued at $55,000 after acquiring an additional 648 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Teucrium Soybean Fund by 4.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 53,597 shares of the company’s stock worth $1,150,000 after purchasing an additional 2,057 shares during the last quarter. Simplex Trading LLC raised its stake in shares of Teucrium Soybean Fund by 277.2% in the second quarter. Simplex Trading LLC now owns 9,731 shares of the company’s stock worth $211,000 after purchasing an additional 7,151 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of Teucrium Soybean Fund during the third quarter valued at $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%.