Teucrium Sugar Fund (NYSEARCA:CANE) Shares Down 1% – Here’s Why

Teucrium Sugar Fund (NYSEARCA:CANE) shares dropped 1% during mid-day trading on Friday . The stock traded as low as $9.52 and last traded at $9.55. Approximately 44,026 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 34,562 shares. The stock had previously closed at $9.65.

Teucrium Sugar Fund Trading Down 1.0%

The firm has a 50-day moving average price of $9.64 and a two-hundred day moving average price of $10.16.

Hedge Funds Weigh In On Teucrium Sugar Fund

Several hedge funds have recently made changes to their positions in the business. Belvedere Trading LLC acquired a new stake in Teucrium Sugar Fund in the 3rd quarter valued at $122,000. Group One Trading LLC acquired a new stake in shares of Teucrium Sugar Fund in the third quarter valued at about $105,000. Citadel Advisors LLC acquired a new stake in shares of Teucrium Sugar Fund in the third quarter valued at about $158,000. Finally, Flow Traders U.S. LLC bought a new stake in Teucrium Sugar Fund during the third quarter worth about $167,000.

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.