Global X AgTech & Food Innovation ETF (NASDAQ:KROP) Sees Large Increase in Short Interest
by Danessa Lincoln · The Markets DailyGlobal X AgTech & Food Innovation ETF (NASDAQ:KROP – Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 20,176 shares, an increase of 872.3% from the March 15th total of 2,075 shares. Approximately 7.8% of the company’s shares are short sold. Based on an average trading volume of 5,611 shares, the short-interest ratio is currently 3.6 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in KROP. Jane Street Group LLC grew its position in Global X AgTech & Food Innovation ETF by 112.0% in the first 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 in the last quarter. Osaic Holdings Inc. grew its position in Global X AgTech & Food Innovation ETF by 49.7% in the second quarter. Osaic Holdings Inc. now owns 3,226 shares of the company’s stock worth $35,000 after acquiring an additional 1,071 shares in the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in Global X AgTech & Food Innovation ETF in the fourth quarter worth about $25,000.
Global X AgTech & Food Innovation ETF Stock Down 0.1%
KROP traded down $0.05 on Friday, hitting $35.37. The company had a trading volume of 1,173 shares, compared to its average volume of 3,655. The company has a market cap of $9.20 million, a PE ratio of 19.65 and a beta of 0.93. Global X AgTech & Food Innovation ETF has a 12-month low of $28.20 and a 12-month high of $36.97. The business’s fifty day simple moving average is $35.04 and its 200 day simple moving average is $32.62.
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.