PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) Shares Down 4.8% – What’s Next?

Shares of PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) dropped 4.8% on Thursday . The company traded as low as $40.12 and last traded at $40.46. Approximately 107,473 shares traded hands during trading, a decline of 28% from the average daily volume of 150,002 shares. The stock had previously closed at $42.50.

PLUS Korea Defense Industry Index ETF Trading Down 4.8%

The company has a market cap of $130.69 million, a PE ratio of 23.08 and a beta of 1.23. The stock has a 50 day moving average price of $53.38 and a 200 day moving average price of $53.95.

Hedge Funds Weigh In On PLUS Korea Defense Industry Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in KDEF. Militia Capital Partners LP purchased a new position in PLUS Korea Defense Industry Index ETF during the third quarter valued at $240,000. TD Waterhouse Canada Inc. grew 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 worth $377,000 after buying an additional 2,028 shares during the period. Pekin Hardy Strauss Inc. grew its position in shares of 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 worth $527,000 after buying an additional 1,000 shares during the period. OLD Mission Capital LLC bought a new position in shares of PLUS Korea Defense Industry Index ETF in the 4th quarter worth about $745,000. Finally, Helios Capital Management PTE. Ltd. bought a new position in shares of PLUS Korea Defense Industry Index ETF in the 1st quarter worth about $791,000.

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.