28-Mar-2024
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The investment objective of the Teucrium Sugar Fund is to have the daily changes in percentage terms of the Shares Net Asset Value ( NAV ) reflect 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 )
Teucrium Sugar Etv trades on the ARCA stock market under the symbol CANE.
As of March 28, 2024, CANE stock price climbed to $13.49 with 15,771 million shares trading.
CANE has a beta of 0.08, meaning it tends to be less sensitive to market movements. CANE has a correlation of 0.00 to the broad based SPY ETF.
CANE has a market cap of $16.53 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, CANE stock traded as high as $15.51 and as low as $6.97.
CANE has underperformed the market in the last year with a return of +25.3%, while the SPY ETF gained +33.6%. In the last 3 month period, CANE fell short of the market, returning +9.0%, while SPY returned +10.1%. However, in the most recent 2 weeks CANE has outperformed the stock market by returning +1.9%, while SPY returned +1.7%.
CANE support price is $13.08 and resistance is $13.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CANE stock will trade within this expected range on the day.