Teucrium Sugar Fund (NYSEARCA:CANE) Sees Significant Decline in Short Interest

Teucrium Sugar Fund (NYSEARCA:CANE) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 151,145 shares, a drop of 44.9% from the June 30th total of 274,423 shares. Based on an average daily trading volume, of 233,887 shares, the short-interest ratio is presently 0.6 days. Approximately 2.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Teucrium Sugar Fund

A number of hedge funds have recently modified their holdings of CANE. Geneos Wealth Management Inc. bought a new position in Teucrium Sugar Fund during the first quarter valued at $25,000. Cetera Investment Advisers bought a new stake in shares of Teucrium Sugar Fund in the first quarter valued at $1,466,000. Flow Traders U.S. LLC purchased a new position in shares of Teucrium Sugar Fund during the 3rd quarter valued at $167,000. Jane Street Group LLC grew 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 acquiring an additional 14,320 shares during the period. Finally, Group One Trading LLC increased its holdings in Teucrium Sugar Fund by 360.8% in the 1st quarter. Group One Trading LLC now owns 45,615 shares of the company’s stock worth $476,000 after acquiring an additional 35,715 shares during the last quarter.

Teucrium Sugar Fund Stock Performance

CANE stock traded down $0.00 during mid-day trading on Wednesday, hitting $9.57. The company had a trading volume of 67,994 shares, compared to its average volume of 387,226. Teucrium Sugar Fund has a 12 month low of $8.97 and a 12 month high of $11.31. The stock’s fifty day moving average price is $9.66 and its two-hundred day moving average price is $9.65.

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.