Teucrium Sugar Fund (NYSEARCA:CANE) Trading Up 1% – Time to Buy?

Shares of Teucrium Sugar Fund (NYSEARCA:CANEGet Free Report) traded up 1% on Wednesday . The company traded as high as $11.67 and last traded at $11.61. Approximately 656,963 shares changed hands during trading, an increase of 73% from the average daily volume of 378,797 shares. The stock had previously closed at $11.50.

Teucrium Sugar Fund Price Performance

The firm has a 50-day simple moving average of $10.49 and a 200 day simple moving average of $9.99.

Hedge Funds Weigh In On Teucrium Sugar Fund

Several large investors have recently modified their holdings of CANE. Teucrium Investment Advisors LLC purchased a new position in Teucrium Sugar Fund in the 4th quarter valued at approximately $1,597,000. Cetera Investment Advisers purchased a new stake in shares of Teucrium Sugar Fund during the first quarter worth $1,466,000. Group One Trading LLC lifted its position in shares of Teucrium Sugar Fund by 360.8% during the first quarter. Group One Trading LLC now owns 45,615 shares of the company’s stock worth $476,000 after acquiring an additional 35,715 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Teucrium Sugar Fund in the third quarter worth $167,000. Finally, Citadel Advisors LLC purchased a new position in shares of Teucrium Sugar Fund in the third quarter valued at $158,000.

About Teucrium Sugar Fund

(Get Free Report)

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.

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