For buyers looking for momentum, Teucrium Soybean Fund SOYB might be on radar. The fund simply hit a 52-week excessive and is up 80% from its 52-week low value of $13.44 per share.
However are extra positive aspects in retailer for this ETF? Let’s take a fast have a look at the fund and the near-term outlook on it to get a greater concept on the place it may be headed:
SOYB in Focus
This product offers buyers a simple option to acquire publicity to the worth of soybean futures in a brokerage account. It makes use of three futures contracts for soybeans, all of that are traded on the CBOT Futures Trade. The three contracts embody the second-to-expire contract weighted 35%, the third-to-expire contract weighted 30%, and 35% weighted contract expiring within the December following the expiration month of the third-to-expire contract. It expenses a payment of two.50% per 12 months (see: all of the Agricultural ETFs right here).
Why the Transfer?
Soybean as a commodity has been an space to look at recently given its hovering costs. The soybean futures topped $16 per bushel for the primary time since 2012 on provide crunch considerations. Surging demand in China and unhealthy climate in key global-growing areas have sparked fears of grain shortages.
Extra Positive aspects Forward?
Presently, SOYB has a Zacks ETF Rank #5 (Robust Promote) with a Excessive danger outlook, suggesting that the fund won’t proceed its outperformance within the months forward. Nevertheless, a excessive weighted alpha of 83.22% and a low 20-day volatility of 14.92% reveals that there’s positively nonetheless some promise for risk-aggressive buyers, who need to experience on this surging ETF.
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TEUCRM-SOYBEAN (SOYB): ETF Analysis Experiences
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.