Global X AgTech & Food Innovation ETF (NASDAQ:KROP) Stock Price Down 0.1% – Should You Sell?

Global X AgTech & Food Innovation ETF (NASDAQ:KROP) traded down 0.1% during trading on Friday . The stock traded as low as $34.81 and last traded at $34.96. Approximately 2,329 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 3,317 shares. The stock had previously closed at $35.01.

Global X AgTech & Food Innovation ETF Price Performance

The business’s 50-day simple moving average is $34.89 and its two-hundred day simple moving average is $34.47. The stock has a market capitalization of $9.09 million, a price-to-earnings ratio of 19.65 and a beta of 0.87.

Global X AgTech & Food Innovation ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were paid a $0.1352 dividend. The ex-dividend date of this dividend was Monday, June 29th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC increased its holdings in Global X AgTech & Food Innovation ETF by 112.0% in 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. raised its position in Global X AgTech & Food Innovation ETF by 49.7% in the second quarter. Osaic Holdings Inc. now owns 3,226 shares of the company’s stock valued at $35,000 after purchasing an additional 1,071 shares during the period. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of Global X AgTech & Food Innovation ETF during the fourth quarter worth about $25,000.

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.