Teucrium Sugar Fund (NYSEARCA:CANE) Shares Down 1% – Here’s What Happened

Shares of Teucrium Sugar Fund (NYSEARCA:CANE) traded down 1% during mid-day trading on Friday . The stock traded as low as $9.52 and last traded at $9.55. 44,026 shares traded hands during trading, an increase of 27% from the average session volume of 34,562 shares. The stock had previously closed at $9.65.

Teucrium Sugar Fund Price Performance

The firm has a 50-day moving average price of $9.64 and a 200 day moving average price of $10.16.

Institutional Investors Weigh In On Teucrium Sugar Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Group One Trading LLC bought a new stake in shares of Teucrium Sugar Fund in the third quarter valued at approximately $105,000. Belvedere Trading LLC acquired a new position in Teucrium Sugar Fund in the 3rd quarter valued at $122,000. Citadel Advisors LLC bought a new stake in shares of Teucrium Sugar Fund during the 3rd quarter valued at $158,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of Teucrium Sugar Fund during the 3rd quarter valued at $167,000.

About Teucrium Sugar Fund

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.