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

Teucrium Sugar Fund (NYSEARCA:CANE) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 151,145 shares, a decrease of 44.9% from the June 30th total of 274,423 shares. Based on an average daily volume of 233,887 shares, the short-interest ratio is presently 0.6 days. Currently, 2.0% of the company’s shares are sold short.

Teucrium Sugar Fund Stock Down 0.2%

Shares of NYSEARCA:CANE traded down $0.02 during trading on Thursday, hitting $9.53. 172,697 shares of the company’s stock were exchanged, compared to its average volume of 385,949. Teucrium Sugar Fund has a 1-year low of $8.97 and a 1-year high of $11.31. The firm has a 50-day moving average price of $9.64 and a two-hundred day moving average price of $9.64.

Institutional Trading of Teucrium Sugar Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Group One Trading LLC lifted its stake in shares of Teucrium Sugar Fund by 360.8% in the 1st quarter. Group One Trading LLC now owns 45,615 shares of the company’s stock valued at $476,000 after purchasing an additional 35,715 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Teucrium Sugar Fund during the first quarter worth $1,466,000. Geneos Wealth Management Inc. bought a new stake in Teucrium Sugar Fund in the first quarter valued at about $25,000. Teucrium Investment Advisors LLC bought a new stake in Teucrium Sugar Fund in the fourth quarter valued at about $1,597,000. Finally, Jane Street Group LLC increased its holdings in Teucrium Sugar Fund by 103.2% in the fourth quarter. Jane Street Group LLC now owns 28,202 shares of the company’s stock valued at $275,000 after purchasing an additional 14,320 shares during the last quarter.

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.