Teucrium Sugar Fund (NYSEARCA:CANE) Shares Up 0.5% – Should You Buy?

Teucrium Sugar Fund (NYSEARCA:CANE) shares shot up 0.5% during trading on Wednesday . The stock traded as high as $11.25 and last traded at $11.24. 223,559 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 380,072 shares. The stock had previously closed at $11.18.

Teucrium Sugar Fund Stock Up 0.5%

The stock has a fifty day moving average price of $9.88 and a 200 day moving average price of $9.74.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. bought a new stake in shares of Teucrium Sugar Fund in the 1st quarter worth about $25,000. Group One Trading LLC purchased a new position in shares of Teucrium Sugar Fund during the 3rd quarter worth about $105,000. Citadel Advisors LLC bought a new position in Teucrium Sugar Fund during the 3rd quarter valued at about $158,000. Flow Traders U.S. LLC purchased a new stake in Teucrium Sugar Fund in the 3rd quarter worth about $167,000. Finally, Jane Street Group LLC raised its position in Teucrium Sugar Fund by 103.2% in the 4th quarter. Jane Street Group LLC now owns 28,202 shares of the company’s stock worth $275,000 after purchasing an additional 14,320 shares during the period.

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.