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

Global X AgTech & Food Innovation ETF (NASDAQ:KROP) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 251 shares, a drop of 84.3% from the June 30th total of 1,603 shares. Based on an average trading volume of 1,394 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Global X AgTech & Food Innovation ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC increased its position in Global X AgTech & Food Innovation ETF by 112.0% during the 1st quarter. Jane Street Group LLC now owns 22,862 shares of the company’s stock valued at $227,000 after buying an additional 12,079 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Global X AgTech & Food Innovation ETF by 49.7% in the second quarter. Osaic Holdings Inc. now owns 3,226 shares of the company’s stock worth $35,000 after acquiring an additional 1,071 shares in the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of Global X AgTech & Food Innovation ETF in the fourth quarter worth $25,000.

Global X AgTech & Food Innovation ETF Price Performance

NASDAQ:KROP traded up $0.55 during mid-day trading on Friday, hitting $35.75. 2,629 shares of the company’s stock were exchanged, compared to its average volume of 3,256. The company has a market cap of $9.29 million, a PE ratio of 19.65 and a beta of 0.87. Global X AgTech & Food Innovation ETF has a one year low of $29.05 and a one year high of $36.97. The business has a fifty day moving average price of $34.79 and a 200 day moving average price of $34.62.

Global X AgTech & Food Innovation ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were issued a dividend of $0.1352 per share. The ex-dividend date was Monday, June 29th.

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.