Global X AgTech & Food Innovation ETF (NASDAQ:KROP) Sees Large Drop in Short Interest

Global X AgTech & Food Innovation ETF (NASDAQ:KROP) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 314 shares, a decline of 62.4% from the January 15th total of 834 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,344 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 1,344 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of Global X AgTech & Food Innovation ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. grew its stake 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 buying an additional 1,071 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of 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 valued at $227,000 after acquiring an additional 12,079 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of Global X AgTech & Food Innovation ETF during the fourth quarter worth approximately $25,000. Finally, Menora Mivtachim Holdings LTD. increased its holdings in shares of Global X AgTech & Food Innovation ETF by 12.2% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 16,696 shares of the company’s stock valued at $179,000 after acquiring an additional 1,817 shares during the period.

Global X AgTech & Food Innovation ETF Stock Up 0.8%

Global X AgTech & Food Innovation ETF stock traded up $0.28 during mid-day trading on Thursday, hitting $35.81. The company had a trading volume of 16,289 shares, compared to its average volume of 2,393. The stock has a market cap of $6.45 million, a price-to-earnings ratio of 19.65 and a beta of 0.97. Global X AgTech & Food Innovation ETF has a 1 year low of $26.76 and a 1 year high of $36.97. The business has a fifty day moving average of $32.25 and a 200 day moving average of $31.76.

Global X AgTech & Food Innovation ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were given a $0.6108 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 401.0%.

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.