Global X AgTech & Food Innovation ETF (NASDAQ:KROP) Shares Shorted: Short Interest Down 36.1% in October

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

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

A hedge fund recently bought a new position in Global X AgTech & Food Innovation ETF stock. Trek Financial LLC bought a new position in shares of Global X AgTech & Food Innovation ETF (NASDAQ:KROP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 SEC filing.

Global X AgTech & Food Innovation ETF Price Performance

NASDAQ KROP traded up $0.42 on Tuesday, hitting $34.37. The company had a trading volume of 668 shares, compared to its average volume of 5,102. The company has a market capitalization of $15.12 million, a PE ratio of 19.65 and a beta of 0.89. The company’s fifty day moving average price is $36.10 and its 200-day moving average price is $35.17. Global X AgTech & Food Innovation ETF has a 12-month low of $29.05 and a 12-month 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.