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 decrease in short interest in the month of October. As of October 15th, there was short interest totaling 2,933 shares, a decrease of 36.1% from the September 30th total of 4,588 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 2,131 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

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

Global X AgTech & Food Innovation ETF Stock Performance

KROP traded up $0.99 on Monday, hitting $34.63. The company had a trading volume of 682 shares, compared to its average volume of 5,120. Global X AgTech & Food Innovation ETF has a 12-month low of $29.05 and a 12-month high of $39.99. The stock has a fifty day moving average price of $36.16 and a 200-day moving average price of $35.16. The stock has a market capitalization of $15.24 million, a price-to-earnings ratio of 19.65 and a beta of 0.89.

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.