Teucrium Sugar Fund (NYSEARCA:CANE) Trading Down 1.7% – What’s Next?
by Kim Johansen · The Markets DailyTeucrium Sugar Fund (NYSEARCA:CANE – Get Free Report) shares fell 1.7% on Monday . The stock traded as low as $9.14 and last traded at $9.19. 282,953 shares were traded during trading, a decline of 34% from the average session volume of 426,845 shares. The stock had previously closed at $9.35.
Teucrium Sugar Fund Price Performance
The business’s 50-day moving average price is $9.63 and its 200 day moving average price is $9.64.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new position in shares of Teucrium Sugar Fund in the first quarter worth $25,000. Group One Trading LLC purchased a new position in Teucrium Sugar Fund during the third quarter worth about $105,000. Citadel Advisors LLC bought a new position in Teucrium Sugar Fund in the 3rd quarter worth about $158,000. Flow Traders U.S. LLC bought a new position in Teucrium Sugar Fund in the 3rd quarter worth about $167,000. Finally, Jane Street Group LLC raised its holdings in shares of Teucrium Sugar Fund by 103.2% in the 4th quarter. Jane Street Group LLC now owns 28,202 shares of the company’s stock valued at $275,000 after acquiring an additional 14,320 shares in the last quarter.
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.