Teucrium Soybean Fund (NYSEARCA:SOYB) Stock Falls 1.2% – Here’s Why

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

Teucrium Soybean Fund Trading Down 1.2%

The business’s fifty day simple moving average is $27.21 and its 200 day simple moving average is $24.97.

Hedge Funds Weigh In On Teucrium Soybean Fund

An institutional investor recently bought a new position in Teucrium Soybean Fund stock. Royal Bank of Canada purchased a new stake in shares of Teucrium Soybean Fund (NYSEARCA:SOYB) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 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%.