Global X AgTech & Food Innovation ETF (NASDAQ:KROP) Sees Significant Decrease in Short Interest

Global X AgTech & Food Innovation ETF (NASDAQ:KROP) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,684 shares, a decline of 86.7% from the May 31st total of 12,641 shares. Based on an average trading volume of 4,507 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the company’s shares are short sold.

Hedge Funds Weigh In On Global X AgTech & Food Innovation ETF

A number of institutional investors have recently bought and sold shares of KROP. CIBC Private Wealth Group LLC purchased a new stake in shares of Global X AgTech & Food Innovation ETF in the 4th quarter valued at approximately $25,000. Osaic Holdings Inc. increased 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 buying an additional 1,071 shares during the last quarter. Finally, Jane Street Group LLC raised 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 buying an additional 12,079 shares during the period.

Global X AgTech & Food Innovation ETF Stock Performance

Shares of KROP stock traded up $0.23 on Friday, hitting $35.04. 1,222 shares of the stock traded hands, compared to its average volume of 3,437. The firm’s 50-day moving average price is $34.80 and its two-hundred day moving average price is $34.04. The stock has a market capitalization of $9.11 million, a PE ratio of 19.65 and a beta of 0.88. Global X AgTech & Food Innovation ETF has a twelve month low of $29.05 and a twelve month high of $36.97.

About Global X AgTech & Food Innovation ETF

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.