Teucrium Sugar Fund (NYSEARCA:CANE – Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 378,460 shares, a decrease of 71.0% from the April 30th total of 1,303,942 shares. Based on an average daily volume of 716,245 shares, the days-to-cover ratio is presently 0.5 days. Approximately 6.8% of the shares of the company are short sold.
Institutional Investors Weigh In On Teucrium Sugar Fund
Large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. purchased a new stake in shares of Teucrium Sugar Fund during the first quarter valued at $25,000. Group One Trading LLC purchased a new stake in shares of Teucrium Sugar Fund during the third quarter valued at $105,000. Citadel Advisors LLC purchased a new stake in shares of Teucrium Sugar Fund during the third quarter valued at $158,000. Flow Traders U.S. LLC purchased a new stake in shares of Teucrium Sugar Fund during the third quarter valued at $167,000. Finally, Jane Street Group LLC grew its holdings in shares of Teucrium Sugar Fund by 103.2% during the fourth quarter. Jane Street Group LLC now owns 28,202 shares of the company’s stock valued at $275,000 after buying an additional 14,320 shares during the last quarter.
Teucrium Sugar Fund Stock Performance
Shares of Teucrium Sugar Fund stock opened at $9.47 on Friday. Teucrium Sugar Fund has a 12-month low of $8.97 and a 12-month high of $11.46. The firm’s 50 day simple moving average is $9.88 and its two-hundred day simple moving average is $9.64.
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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