Teucrium Sugar Fund (NYSEARCA:CANE – Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,303,942 shares, an increase of 1,735.7% from the April 15th total of 71,032 shares. Based on an average daily volume of 724,747 shares, the days-to-cover ratio is presently 1.8 days. Currently, 23.3% of the company’s shares are sold short.
Institutional Investors Weigh In On Teucrium Sugar Fund
A number of institutional investors have recently bought and sold shares of CANE. Geneos Wealth Management Inc. acquired a new position in Teucrium Sugar Fund during the first quarter valued at approximately $25,000. Group One Trading LLC acquired a new position in Teucrium Sugar Fund during the third quarter valued at approximately $105,000. Belvedere Trading LLC acquired a new position in Teucrium Sugar Fund during the third quarter valued at approximately $122,000. Citadel Advisors LLC acquired a new position in Teucrium Sugar Fund during the third quarter valued at approximately $158,000. Finally, Flow Traders U.S. LLC acquired a new position in Teucrium Sugar Fund during the third quarter valued at approximately $167,000.
Teucrium Sugar Fund Price Performance
Teucrium Sugar Fund stock traded up $0.19 during trading on Monday, reaching $10.05. The company had a trading volume of 493,656 shares, compared to its average volume of 444,078. Teucrium Sugar Fund has a 12-month low of $8.97 and a 12-month high of $11.92. The stock’s 50 day moving average price is $9.77 and its two-hundred day moving average price is $9.58.
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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