Short Interest in Global X AgTech & Food Innovation ETF (NASDAQ:KROP) Increases By 1,137.3%

Global X AgTech & Food Innovation ETF (NASDAQ:KROP) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 3,885 shares, an increase of 1,137.3% from the January 29th total of 314 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily volume of 3,050 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 3,050 shares, the days-to-cover ratio is currently 1.3 days. Approximately 2.2% of the company’s shares are sold short.

Global X AgTech & Food Innovation ETF Stock Performance

NASDAQ KROP traded down $0.12 on Wednesday, hitting $36.36. 620 shares of the stock were exchanged, compared to its average volume of 2,530. The stock has a fifty day moving average price of $33.12 and a two-hundred day moving average price of $31.99. The firm has a market capitalization of $6.54 million, a P/E ratio of 19.65 and a beta of 0.97. Global X AgTech & Food Innovation ETF has a 52-week low of $26.76 and a 52-week high of $36.97.

Global X AgTech & Food Innovation ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.6108 per share. This represents a dividend yield of 401.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC bought a new position in shares of Global X AgTech & Food Innovation ETF during the 4th quarter worth approximately $25,000. Osaic Holdings Inc. increased its position in shares of Global X AgTech & Food Innovation ETF by 49.7% during the second quarter. Osaic Holdings Inc. now owns 3,226 shares of the company’s stock worth $35,000 after purchasing an additional 1,071 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its position in shares of Global X AgTech & Food Innovation ETF by 12.2% during the second quarter. Menora Mivtachim Holdings LTD. now owns 16,696 shares of the company’s stock worth $179,000 after purchasing an additional 1,817 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of 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.

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.