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

Global X AgTech & Food Innovation ETF (NASDAQ:KROP) was the target of a large growth in short interest in 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 short-interest ratio is presently 3.7 days. Approximately 4.2% of the shares of the company are short sold.

Global X AgTech & Food Innovation ETF Price Performance

KROP traded down $0.07 on Tuesday, hitting $34.82. The company had a trading volume of 871 shares, compared to its average volume of 3,430. The company’s fifty day moving average price is $34.90 and its 200 day moving average price is $33.59. 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 price-to-earnings ratio of 19.65 and a beta of 0.90.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in KROP. Jane Street Group LLC lifted its holdings in 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 purchasing an additional 12,079 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in 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 purchasing an additional 1,071 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new stake in Global X AgTech & Food Innovation ETF in the 4th quarter worth approximately $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.