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

Global X AgTech & Food Innovation ETF (NASDAQ:KROP) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 2,933 shares, a decrease of 36.1% from the September 30th total of 4,588 shares. Based on an average daily trading volume, of 2,131 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global X AgTech & Food Innovation ETF stock. Trek Financial LLC purchased a new stake in Global X AgTech & Food Innovation ETF (NASDAQ:KROP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 237,840 shares of the company’s stock, valued at approximately $8,441,000. Trek Financial LLC owned approximately 54.05% of Global X AgTech & Food Innovation ETF as of its most recent filing with the SEC.

Global X AgTech & Food Innovation ETF Stock Up 2.9%

Shares of KROP stock traded up $0.99 on Monday, hitting $34.63. The stock had a trading volume of 682 shares, compared to its average volume of 5,120. The business has a 50 day moving average price of $36.16 and a 200 day moving average price of $35.16. The company has a market cap of $15.24 million, a PE ratio of 19.65 and a beta of 0.89. Global X AgTech & Food Innovation ETF has a one year low of $29.05 and a one year high of $39.99.

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.