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

Global X AgTech & Food Innovation ETF (NASDAQ:KROP) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 129 shares, a decline of 95.6% from the October 15th total of 2,933 shares. Based on an average trading volume of 9,483 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Global X AgTech & Food Innovation ETF Trading Down 0.5%

KROP stock traded down $0.18 on Tuesday, hitting $34.64. The company had a trading volume of 1,383 shares, compared to its average volume of 5,013. Global X AgTech & Food Innovation ETF has a 12-month low of $29.05 and a 12-month high of $39.99. The stock’s 50-day simple moving average is $35.83 and its 200 day simple moving average is $35.22. The stock has a market cap of $15.24 million, a price-to-earnings ratio of 19.98 and a beta of 0.93.

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

A hedge fund recently bought a new stake in Global X AgTech & Food Innovation ETF stock. Trek Financial LLC acquired a new position in Global X AgTech & Food Innovation ETF (NASDAQ:KROP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 237,840 shares of the company’s stock, valued at approximately $8,441,000. Trek Financial LLC owned 54.05% of Global X AgTech & Food Innovation ETF at the end of the most recent reporting period.

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.