Teucrium Sugar Fund (NYSEARCA:CANE) Stock Falls 5.6% – Here’s What Happened

Teucrium Sugar Fund (NYSEARCA:CANE)’s stock price fell 5.6% during trading on Monday. The stock traded as low as $11.35 and last traded at $11.47. Approximately 920,615 shares changed hands during trading, an increase of 132% from the average daily volume of 396,011 shares. The stock had previously closed at $12.15.

Teucrium Sugar Fund Price Performance

The stock’s 50-day moving average is $11.60 and its two-hundred day moving average is $10.17.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Group One Trading LLC lifted its holdings in Teucrium Sugar Fund by 360.8% during the 1st quarter. Group One Trading LLC now owns 45,615 shares of the company’s stock valued at $476,000 after buying an additional 35,715 shares in the last quarter. Cetera Investment Advisers purchased a new stake in Teucrium Sugar Fund in the 1st quarter valued at about $1,466,000. Finally, Geneos Wealth Management Inc. bought a new position in Teucrium Sugar Fund in the 1st quarter worth about $25,000.

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.