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

Teucrium Sugar Fund (NYSEARCA:CANE) was the recipient of a significant drop in short interest in 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. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 233,887 shares, the short-interest ratio is currently 0.6 days.

Teucrium Sugar Fund Stock Performance

Shares of NYSEARCA CANE traded down $0.00 during midday trading on Wednesday, hitting $9.57. The company’s stock had a trading volume of 67,994 shares, compared to its average volume of 387,226. The stock has a fifty day moving average price of $9.66 and a 200 day moving average price of $9.65. Teucrium Sugar Fund has a one year low of $8.97 and a one year high of $11.31.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Group One Trading LLC lifted its position 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 worth $476,000 after acquiring an additional 35,715 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of Teucrium Sugar Fund in the first quarter valued at $1,466,000. Geneos Wealth Management Inc. purchased a new position in shares of Teucrium Sugar Fund in the first quarter valued at $25,000. Teucrium Investment Advisors LLC purchased a new position in shares of Teucrium Sugar Fund in the fourth quarter valued at $1,597,000. 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 valued at $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.