Short Interest in PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) Increases By 4,474.3%

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 169,798 shares, a growth of 4,474.3% from the December 31st total of 3,712 shares. Approximately 7.8% of the shares of the stock are short sold. Based on an average trading volume of 128,637 shares, the days-to-cover ratio is presently 1.3 days. Based on an average trading volume of 128,637 shares, the days-to-cover ratio is presently 1.3 days. Approximately 7.8% of the shares of the stock are short sold.

PLUS Korea Defense Industry Index ETF Price Performance

Shares of NYSEARCA:KDEF traded down $0.22 during midday trading on Tuesday, reaching $56.85. The company’s stock had a trading volume of 155,442 shares, compared to its average volume of 136,250. The business’s fifty day simple moving average is $46.77 and its 200-day simple moving average is $45.50. The company has a market capitalization of $124.50 million, a P/E ratio of 23.08 and a beta of 3.24. PLUS Korea Defense Industry Index ETF has a fifty-two week low of $21.20 and a fifty-two week high of $57.95.

Institutional Trading of PLUS Korea Defense Industry Index ETF

Several hedge funds have recently modified their holdings of the stock. TD Waterhouse Canada Inc. raised its position in shares of PLUS Korea Defense Industry Index ETF by 30.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 8,674 shares of the company’s stock valued at $377,000 after acquiring an additional 2,028 shares during the period. Militia Capital Partners LP bought a new stake in shares of PLUS Korea Defense Industry Index ETF in the third quarter worth about $240,000. Pekin Hardy Strauss Inc. raised its position in shares of PLUS Korea Defense Industry Index ETF by 37.5% during the third quarter. Pekin Hardy Strauss Inc. now owns 11,000 shares of the company’s stock worth $546,000 after purchasing an additional 3,000 shares during the period. Trek Financial LLC lifted its holdings in shares of PLUS Korea Defense Industry Index ETF by 22.7% during the 2nd quarter. Trek Financial LLC now owns 40,330 shares of the company’s stock valued at $1,665,000 after purchasing an additional 7,462 shares in the last quarter. Finally, Laurel Wealth Advisors LLC grew its position in shares of PLUS Korea Defense Industry Index ETF by 4,029.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,097 shares of the company’s stock valued at $128,000 after purchasing an additional 3,022 shares during the period.

About PLUS Korea Defense Industry Index ETF

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.