Short Interest in Global X AgTech & Food Innovation ETF (NASDAQ:KROP) Declines By 16.0%

Global X AgTech & Food Innovation ETF (NASDAQ:KROP) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 11,000 shares, a decrease of 16.0% from the February 28th total of 13,100 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 11,000 shares, the short-interest ratio is presently 1.0 days.

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

A number of hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in Global X AgTech & Food Innovation ETF in the fourth quarter valued at about $104,000. GTS Securities LLC purchased a new stake in Global X AgTech & Food Innovation ETF in the 4th quarter valued at approximately $109,000. Finally, Menora Mivtachim Holdings LTD. lifted its holdings in Global X AgTech & Food Innovation ETF by 48.3% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 14,937 shares of the company’s stock valued at $144,000 after purchasing an additional 4,863 shares in the last quarter.

Global X AgTech & Food Innovation ETF Stock Performance

KROP stock traded up $0.15 during mid-day trading on Tuesday, reaching $10.10. The company had a trading volume of 2,358 shares, compared to its average volume of 4,856. Global X AgTech & Food Innovation ETF has a fifty-two week low of $9.36 and a fifty-two week high of $11.34. The company has a market capitalization of $4.44 million, a price-to-earnings ratio of 19.63 and a beta of 1.06. The firm has a fifty day simple moving average of $10.21 and a 200 day simple moving average of $10.19.

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.