Global X AgTech & Food Innovation ETF (NASDAQ:KROP) Short Interest Down 86.7% in June

Global X AgTech & Food Innovation ETF (NASDAQ:KROP) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 1,684 shares, a drop of 86.7% from the May 31st total of 12,641 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 4,507 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KROP. CIBC Private Wealth Group LLC bought a new position in Global X AgTech & Food Innovation ETF in the 4th quarter worth approximately $25,000. Osaic Holdings Inc. boosted its position in Global X AgTech & Food Innovation ETF by 49.7% during 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 period. Finally, Jane Street Group LLC grew its stake in shares of 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 worth $227,000 after purchasing an additional 12,079 shares in the last quarter.

Global X AgTech & Food Innovation ETF Price Performance

NASDAQ:KROP traded up $0.15 during midday trading on Friday, reaching $34.96. 1,452 shares of the company traded hands, compared to its average volume of 3,439. The firm has a market capitalization of $9.09 million, a price-to-earnings ratio of 19.65 and a beta of 0.88. Global X AgTech & Food Innovation ETF has a twelve month low of $29.05 and a twelve month high of $36.97. The company has a fifty day moving average price of $34.80 and a 200 day moving average price of $34.05.

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.