Teucrium Sugar Fund (NYSEARCA:CANE) Trading Up 1% – Still a Buy?

by · The Markets Daily

Shares of Teucrium Sugar Fund (NYSEARCA:CANE – Get Free Report) shot up 1% on Wednesday . The company traded as high as $11.67 and last traded at $11.61. Approximately 656,963 shares were traded during trading, an increase of 73% from the average daily volume of 378,797 shares. The stock had previously closed at $11.50.

Teucrium Sugar Fund Stock Up 1.0%

The firm has a 50 day simple moving average of $10.45 and a 200-day simple moving average of $9.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Teucrium Investment Advisors LLC purchased a new position in Teucrium Sugar Fund during the 4th quarter worth $1,597,000. Cetera Investment Advisers purchased a new stake in Teucrium Sugar Fund in the first quarter valued at about $1,466,000. Group One Trading LLC raised its stake in Teucrium Sugar Fund by 360.8% in the first 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 during the last quarter. Flow Traders U.S. LLC acquired a new stake in Teucrium Sugar Fund in the third quarter worth about $167,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Teucrium Sugar Fund during the third quarter worth about $158,000.

Teucrium Sugar Fund Company Profile

(Get Free Report)

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.

Further Reading