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 significant decline in short interest in June. As of June 15th, there was short interest totaling 1,684 shares, a decline of 86.7% from the May 31st total of 12,641 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 4,507 shares, the short-interest ratio is currently 0.4 days.

Global X AgTech & Food Innovation ETF Stock Performance

Global X AgTech & Food Innovation ETF stock traded up $0.15 during midday trading on Friday, reaching $34.96. 1,452 shares of the stock were exchanged, compared to its average volume of 3,439. Global X AgTech & Food Innovation ETF has a 52 week low of $29.05 and a 52 week high of $36.97. The firm has a market cap of $9.09 million, a PE ratio of 19.65 and a beta of 0.88. The company’s fifty day moving average is $34.80 and its 200-day moving average is $34.05.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its stake 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 buying an additional 12,079 shares in the last quarter. Osaic Holdings Inc. increased its stake 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 valued at $35,000 after acquiring an additional 1,071 shares during the last quarter. Finally, CIBC Private Wealth Group LLC bought a new stake in Global X AgTech & Food Innovation ETF during the fourth quarter worth about $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.