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

Global X AgTech & Food Innovation ETF (NASDAQ:KROP) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 43,931 shares, an increase of 16,231.2% from the August 31st total of 269 shares. Approximately 8.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 25,110 shares, the days-to-cover ratio is currently 1.7 days.

Global X AgTech & Food Innovation ETF Stock Performance

Shares of KROP opened at $36.37 on Friday. Global X AgTech & Food Innovation ETF has a 52 week low of $29.05 and a 52 week high of $39.99. The stock has a market capitalization of $18.19 million, a price-to-earnings ratio of 19.65 and a beta of 0.88. The stock has a fifty day moving average of $36.43 and a 200-day moving average of $35.39.

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.