Global X AgTech & Food Innovation ETF (NASDAQ:KROP) Short Interest Update

Global X AgTech & Food Innovation ETF (NASDAQ:KROP) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 11,007 shares, a growth of 120.2% from the April 30th total of 4,998 shares. Based on an average trading volume of 2,964 shares, the days-to-cover ratio is currently 3.7 days. Approximately 4.2% of the company’s shares are short sold.

Institutional Trading of Global X AgTech & Food Innovation ETF

A number of hedge funds and other institutional investors have recently modified their holdings of KROP. Jane Street Group LLC increased its stake in shares of 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 worth $227,000 after acquiring an additional 12,079 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Global X AgTech & Food Innovation ETF by 49.7% in the 2nd quarter. Osaic Holdings Inc. now owns 3,226 shares of the company’s stock worth $35,000 after acquiring an additional 1,071 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of Global X AgTech & Food Innovation ETF in the 4th quarter worth $25,000.

Global X AgTech & Food Innovation ETF Stock Down 0.2%

Shares of KROP traded down $0.07 during midday trading on Monday, reaching $34.82. The company had a trading volume of 871 shares, compared to its average volume of 3,430. Global X AgTech & Food Innovation ETF has a 1-year low of $29.05 and a 1-year high of $36.97. The stock has a market cap of $9.05 million, a PE ratio of 19.65 and a beta of 0.90. The firm has a 50 day simple moving average of $34.88 and a 200-day simple moving average of $33.56.

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.