Global X AgTech & Food Innovation ETF (NASDAQ:KROP) Short Interest Update

Global X AgTech & Food Innovation ETF (NASDAQ:KROP) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 5,187 shares, a decline of 74.3% from the March 31st total of 20,176 shares. Based on an average daily trading volume, of 4,063 shares, the short-interest ratio is presently 1.3 days. Currently, 2.0% of the shares of the company are sold short.

Global X AgTech & Food Innovation ETF Stock Performance

Global X AgTech & Food Innovation ETF stock traded down $0.38 during mid-day trading on Friday, reaching $34.11. The company’s stock had a trading volume of 7,457 shares, compared to its average volume of 3,669. The firm’s fifty day moving average price is $35.09 and its two-hundred day moving average price is $32.87. The company has a market capitalization of $8.87 million, a P/E ratio of 19.65 and a beta of 0.93. Global X AgTech & Food Innovation ETF has a 12-month low of $29.05 and a 12-month high of $36.97.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Jane Street Group LLC grew its position in shares of Global X AgTech & Food Innovation ETF by 112.0% during the 1st quarter. Jane Street Group LLC now owns 22,862 shares of the company’s stock valued at $227,000 after purchasing an additional 12,079 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Global X AgTech & Food Innovation ETF by 49.7% during the 2nd quarter. Osaic Holdings Inc. now owns 3,226 shares of the company’s stock worth $35,000 after acquiring an additional 1,071 shares during the last quarter. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of Global X AgTech & Food Innovation ETF during the 4th quarter worth $25,000.

Global X AgTech & Food Innovation ETF Company Profile

The Global X AgTech & Food Innovation ETF (KROP) is an exchange-traded fund that is based on the Solactive AgTech & Food Innovation index. The fund passively invests in global companies related to advancing innovation and technologies in the agricultural and food industry space. KROP was launched on Jul 12, 2021 and is managed by Global X.