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 large decline in short interest during the month of July. As of July 15th, there was short interest totaling 251 shares, a decline of 84.3% from the June 30th total of 1,603 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,394 shares, the days-to-cover ratio is presently 0.2 days.

Global X AgTech & Food Innovation ETF Price Performance

Global X AgTech & Food Innovation ETF stock traded up $0.55 during mid-day trading on Friday, reaching $35.75. The stock had a trading volume of 2,629 shares, compared to its average volume of 3,256. Global X AgTech & Food Innovation ETF has a one year low of $29.05 and a one year high of $36.97. The company has a 50-day moving average price of $34.79 and a two-hundred day moving average price of $34.62. The company has a market capitalization of $9.29 million, a price-to-earnings ratio of 19.65 and a beta of 0.87.

Global X AgTech & Food Innovation ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC purchased a new stake in shares of Global X AgTech & Food Innovation ETF during the fourth quarter valued at approximately $25,000. Osaic Holdings Inc. lifted its position 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 valued at $35,000 after acquiring an additional 1,071 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake 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 purchasing an additional 12,079 shares during the last quarter.

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.