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

Global X AgTech & Food Innovation ETF (NASDAQ:KROP) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 2,933 shares, a decline of 36.1% from the September 30th total of 4,588 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 2,131 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors 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 bought a new position in Global X AgTech & Food Innovation ETF (NASDAQ:KROP) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 237,840 shares of the company’s stock, valued at approximately $8,441,000. Trek Financial LLC owned about 54.05% of Global X AgTech & Food Innovation ETF as of its most recent SEC filing.

Global X AgTech & Food Innovation ETF Price Performance

Shares of NASDAQ:KROP opened at $34.05 on Wednesday. The firm has a fifty day moving average price of $36.05 and a two-hundred day moving average price of $35.18. Global X AgTech & Food Innovation ETF has a one year low of $29.05 and a one year high of $39.99. The company has a market cap of $15.09 million, a price-to-earnings ratio of 19.98 and a beta of 0.92.

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.