PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) Sees Large Decrease in Short Interest

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 18,171 shares, a decline of 47.6% from the April 15th total of 34,693 shares. Based on an average daily volume of 148,747 shares, the short-interest ratio is presently 0.1 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Investors Weigh In On PLUS Korea Defense Industry Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of KDEF. Militia Capital Partners LP bought a new stake in shares of PLUS Korea Defense Industry Index ETF during the 3rd quarter worth approximately $240,000. TD Waterhouse Canada Inc. bought a new position in PLUS Korea Defense Industry Index ETF in the 3rd quarter valued at $331,000. Pekin Hardy Strauss Inc. grew its position in PLUS Korea Defense Industry Index ETF by 9.1% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 12,000 shares of the company’s stock valued at $527,000 after acquiring an additional 1,000 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in PLUS Korea Defense Industry Index ETF in the fourth quarter worth $745,000. Finally, Helios Capital Management PTE. Ltd. purchased a new stake in PLUS Korea Defense Industry Index ETF in the first quarter worth $791,000.

PLUS Korea Defense Industry Index ETF Stock Down 6.1%

PLUS Korea Defense Industry Index ETF stock traded down $3.42 during midday trading on Friday, reaching $52.89. The stock had a trading volume of 107,708 shares, compared to its average volume of 150,871. PLUS Korea Defense Industry Index ETF has a 52-week low of $31.51 and a 52-week high of $67.41. The firm has a market cap of $170.83 million, a price-to-earnings ratio of 23.08 and a beta of 1.76. The company has a fifty day moving average of $58.86 and a 200 day moving average of $52.87.

PLUS Korea Defense Industry Index ETF Company Profile

The PLUS Korea Defense Industry Index ETF (KDEF) is an exchange-traded fund that is based on the Korea Defense Industry index. The fund is passively managed to track an index which provides concentrated exposure to Koreas leading defense companies. The fund uses an AI program to identify, score and select companies for industry relevance KDEF was launched on Feb 5, 2025 and is issued by PLUS.