Global X AgTech & Food Innovation ETF (NASDAQ:KROP) Stock Price Up 1.8% – Here’s What Happened

Global X AgTech & Food Innovation ETF (NASDAQ:KROP)’s stock price shot up 1.8% during mid-day trading on Thursday . The company traded as high as $34.81 and last traded at $34.81. Approximately 1,295 shares traded hands during trading, a decline of 63% from the average session volume of 3,457 shares. The stock had previously closed at $34.18.

Global X AgTech & Food Innovation ETF Trading Up 1.8%

The firm’s 50-day simple moving average is $34.80 and its 200 day simple moving average is $34.04. The stock has a market cap of $9.05 million, a P/E ratio of 19.65 and a beta of 0.88.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KROP. CIBC Private Wealth Group LLC acquired a new stake in Global X AgTech & Food Innovation ETF in the 4th quarter valued at approximately $25,000. Osaic Holdings Inc. boosted its position in Global X AgTech & Food Innovation ETF by 49.7% during the 2nd quarter. Osaic Holdings Inc. now owns 3,226 shares of the company’s stock worth $35,000 after acquiring an additional 1,071 shares during the period. Finally, Jane Street Group LLC boosted 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 worth $227,000 after acquiring an additional 12,079 shares during the 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.