Teucrium Sugar Fund (NYSEARCA:CANE – Get Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 355,775 shares, a growth of 119.2% from the August 15th total of 162,328 shares. Based on an average trading volume of 288,190 shares, the short-interest ratio is currently 1.2 days. Approximately 6.2% of the company’s stock are short sold.
Teucrium Sugar Fund Price Performance
CANE traded down $0.06 during midday trading on Tuesday, reaching $11.39. The company’s stock had a trading volume of 191,415 shares, compared to its average volume of 380,737. Teucrium Sugar Fund has a 1 year low of $8.97 and a 1 year high of $11.88. The stock’s 50-day moving average is $10.56 and its 200-day moving average is $10.02.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new stake in Teucrium Sugar Fund in the first quarter worth $25,000. Group One Trading LLC increased its holdings in shares of Teucrium Sugar Fund by 360.8% during the first quarter. Group One Trading LLC now owns 45,615 shares of the company’s stock valued at $476,000 after acquiring an additional 35,715 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Teucrium Sugar Fund in the 1st quarter worth about $1,466,000.
Teucrium Sugar Fund Company Profile
Teucrium Sugar Fund (the Fund) is a commodity pool. The Fund is a series of the Teucrium Commodity Trust (Trust). The Teucrium Sugar Fund provides investors unleveraged direct exposure to sugar without the need for a futures account. 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 sugar (Sugar Futures Contracts) that are traded on ICE Futures US (ICE Futures), which includes the second-to-expire Sugar No.
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