Teucrium Soybean Fund (NYSEARCA:SOYB) Shares Climb 0.4% – Time to Buy?

Teucrium Soybean Fund (NYSEARCA:SOYB)’s share price traded up 0.4% during trading on Monday. The stock traded as high as $27.63 and last traded at $27.32. 46,967 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 94,820 shares. The stock had previously closed at $27.22.

Teucrium Soybean Fund Stock Up 0.4%

The stock has a fifty day moving average price of $26.72 and a two-hundred day moving average price of $25.42.

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 Teucrium Soybean Fund (NYSEARCA:SOYB) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,500 shares of the company’s stock, valued at approximately $37,000. Royal Bank of Canada owned approximately 0.06% of Teucrium Soybean Fund at the end of the most recent reporting period.

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%.