Teucrium Sugar Fund (NYSEARCA:CANE) Sees Significant Drop in Short Interest

Teucrium Sugar Fund (NYSEARCA:CANE) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 75,048 shares, a drop of 57.1% from the May 31st total of 174,814 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 288,194 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Teucrium Sugar Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. purchased a new stake in shares of Teucrium Sugar Fund during the first quarter worth $25,000. Group One Trading LLC acquired a new position in Teucrium Sugar Fund during the third quarter worth about $105,000. Citadel Advisors LLC acquired a new position in Teucrium Sugar Fund during the third quarter worth about $158,000. Flow Traders U.S. LLC purchased a new stake in Teucrium Sugar Fund during the 3rd quarter valued at about $167,000. Finally, Jane Street Group LLC grew its stake in Teucrium Sugar Fund by 103.2% during 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 Price Performance

Shares of Teucrium Sugar Fund stock traded up $0.06 during mid-day trading on Wednesday, reaching $9.85. 555,796 shares of the stock traded hands, compared to its average volume of 421,051. The business has a 50-day moving average of $9.66 and a 200 day moving average of $9.64. Teucrium Sugar Fund has a fifty-two week low of $8.97 and a fifty-two week high of $11.31.

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.