Teucrium Sugar Fund (NYSEARCA:CANE – Get Free Report) was the target of a significant increase in short interest in 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 short-interest ratio is presently 1.8 days. Approximately 23.3% of the company’s stock are short sold.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new position in shares of Teucrium Sugar Fund during the first quarter worth $25,000. Group One Trading LLC acquired a new position in shares of Teucrium Sugar Fund during the third quarter worth $105,000. Belvedere Trading LLC acquired a new position in shares of Teucrium Sugar Fund during the third quarter worth $122,000. Citadel Advisors LLC acquired a new position in shares of Teucrium Sugar Fund during the third quarter worth $158,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Teucrium Sugar Fund during the third quarter worth $167,000.
Teucrium Sugar Fund Trading Up 1.9%
Shares of NYSEARCA CANE traded up $0.19 during trading on Monday, reaching $10.05. 493,656 shares of the stock were exchanged, compared to its average volume of 444,078. The business’s 50-day moving average price is $9.77 and its 200 day moving average price is $9.58. Teucrium Sugar Fund has a twelve month low of $8.97 and a twelve month high of $11.92.
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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