Global X AgTech & Food Innovation ETF (NASDAQ:KROP) Stock Price Up 1.8% – Still a Buy?

Global X AgTech & Food Innovation ETF (NASDAQ:KROP)’s stock price rose 1.8% during mid-day trading on Thursday . The company traded as high as $34.81 and last traded at $34.81. Approximately 1,295 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 3,457 shares. The stock had previously closed at $34.18.

Global X AgTech & Food Innovation ETF Stock Up 1.8%

The firm has a market cap of $9.05 million, a price-to-earnings ratio of 19.65 and a beta of 0.88. The firm has a fifty day moving average price of $34.80 and a 200-day moving average price of $34.04.

Institutional Investors Weigh In On Global X AgTech & Food Innovation ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in Global X AgTech & Food Innovation ETF by 112.0% in the first 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 during the period. Osaic Holdings Inc. raised its stake in Global X AgTech & Food Innovation ETF by 49.7% during the second quarter. Osaic Holdings Inc. now owns 3,226 shares of the company’s stock valued at $35,000 after buying an additional 1,071 shares in the last quarter. Finally, CIBC Private Wealth Group LLC bought a new position in Global X AgTech & Food Innovation ETF during the fourth 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.