PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) Short Interest Update

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 sold short. Based on an average daily trading volume, of 128,637 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily 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 sold short.

PLUS Korea Defense Industry Index ETF Price Performance

NYSEARCA:KDEF opened at $57.55 on Thursday. The company has a market cap of $126.03 million, a price-to-earnings ratio of 23.08 and a beta of 3.24. PLUS Korea Defense Industry Index ETF has a 1 year low of $21.20 and a 1 year high of $58.10. The stock’s 50 day simple moving average is $47.10 and its two-hundred day simple moving average is $45.58.

Institutional Investors Weigh In On PLUS Korea Defense Industry Index ETF

A number of hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of PLUS Korea Defense Industry Index ETF in the 1st quarter worth $1,352,000. Pekin Hardy Strauss Inc. bought a new position in shares of PLUS Korea Defense Industry Index ETF in the 2nd quarter valued at about $330,000. Laurel Wealth Advisors LLC grew its position in PLUS Korea Defense Industry Index ETF by 4,029.3% in the second quarter. Laurel Wealth Advisors LLC now owns 3,097 shares of the company’s stock worth $128,000 after acquiring an additional 3,022 shares in the last quarter. Trek Financial LLC grew its position in PLUS Korea Defense Industry Index ETF by 22.7% in the second quarter. Trek Financial LLC now owns 40,330 shares of the company’s stock worth $1,665,000 after acquiring an additional 7,462 shares in the last quarter. Finally, TD Waterhouse Canada Inc. bought a new stake in PLUS Korea Defense Industry Index ETF during the third quarter worth approximately $331,000.

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.