Teucrium Sugar Fund (NYSEARCA:CANE) Sees Large Increase in Short Interest

Teucrium Sugar Fund (NYSEARCA:CANE) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 355,775 shares, an increase of 119.2% from the August 15th total of 162,328 shares. Approximately 6.2% of the shares of the stock are short sold. Based on an average daily volume of 288,190 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new stake in Teucrium Sugar Fund during the 1st quarter valued at about $25,000. Group One Trading LLC lifted its position 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 purchasing an additional 35,715 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Teucrium Sugar Fund during the first quarter valued at approximately $1,466,000.

Teucrium Sugar Fund Stock Performance

NYSEARCA CANE opened at $11.38 on Wednesday. The stock’s 50-day simple moving average is $10.59 and its two-hundred day simple moving average is $10.03. Teucrium Sugar Fund has a twelve month low of $8.97 and a twelve month high of $11.88.

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.