Teucrium Sugar Fund (NYSEARCA:CANE) Shares Down 5.6% – Here’s What Happened

Teucrium Sugar Fund (NYSEARCA:CANE)’s share price fell 5.6% on Monday. The stock traded as low as $11.35 and last traded at $11.47. Approximately 920,615 shares traded hands during trading, an increase of 132% from the average daily volume of 396,011 shares. The stock had previously closed at $12.15.

Teucrium Sugar Fund Stock Down 5.6%

The business has a fifty day moving average of $11.60 and a 200-day moving average of $10.17.

Hedge Funds Weigh In On Teucrium Sugar Fund

Several institutional investors have recently made changes to their positions in CANE. Group One Trading LLC increased its stake 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 buying an additional 35,715 shares during the period. Cetera Investment Advisers bought a new stake in shares of Teucrium Sugar Fund in the first quarter valued at about $1,466,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Teucrium Sugar Fund in the first quarter worth about $25,000.

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.