Teucrium Sugar Fund (NYSEARCA:CANE) Stock Price Up 3.1% – Still a Buy?

Teucrium Sugar Fund (NYSEARCA:CANE)’s share price shot up 3.1% during mid-day trading on Monday. The stock traded as high as $12.20 and last traded at $12.19. 556,130 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 386,060 shares. The stock had previously closed at $11.82.

Teucrium Sugar Fund Stock Performance

The stock’s 50-day moving average price is $11.04 and its 200 day moving average price is $10.22.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CANE. Cetera Investment Advisers bought a new stake in Teucrium Sugar Fund during the 1st quarter valued at $1,466,000. Group One Trading LLC increased its stake 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 valued at $476,000 after buying an additional 35,715 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Teucrium Sugar Fund during the first quarter valued at $25,000.

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.