Teucrium Sugar Fund (NYSEARCA:CANE – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 355,775 shares, an increase of 119.2% from the August 15th total of 162,328 shares. Based on an average daily trading volume, of 288,190 shares, the short-interest ratio is presently 1.2 days. Currently, 6.2% of the company’s shares are sold short.
Teucrium Sugar Fund Stock Down 0.4%
CANE traded down $0.05 during midday trading on Monday, hitting $11.47. 402,808 shares of the company were exchanged, compared to its average volume of 381,372. Teucrium Sugar Fund has a 1-year low of $8.97 and a 1-year high of $11.88. The firm’s 50 day moving average price is $10.53 and its 200-day moving average price is $10.00.
Institutional Trading of Teucrium Sugar Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of CANE. Geneos Wealth Management Inc. bought a new position in Teucrium Sugar Fund during the 1st quarter valued at $25,000. Group One Trading LLC bought a new position in Teucrium Sugar Fund in the 3rd quarter valued at $105,000. Citadel Advisors LLC purchased a new stake in shares of Teucrium Sugar Fund during the 3rd quarter valued at $158,000. Flow Traders U.S. LLC bought a new stake in shares of Teucrium Sugar Fund during the 3rd quarter worth $167,000. Finally, Jane Street Group LLC raised its stake in shares of Teucrium Sugar Fund by 103.2% during the 4th quarter. Jane Street Group LLC now owns 28,202 shares of the company’s stock worth $275,000 after purchasing an additional 14,320 shares during the period.
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.
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