Short Interest in PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) Grows By 111.9%

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 12,057 shares, a growth of 111.9% from the May 31st total of 5,691 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 170,351 shares, the short-interest ratio is currently 0.1 days.

PLUS Korea Defense Industry Index ETF Stock Performance

Shares of KDEF stock opened at $41.56 on Thursday. The company has a market capitalization of $111.80 million, a P/E ratio of 23.08 and a beta of 1.47. PLUS Korea Defense Industry Index ETF has a fifty-two week low of $37.80 and a fifty-two week high of $67.41. The stock has a 50 day moving average price of $51.72 and a two-hundred day moving average price of $53.86.

Institutional Investors Weigh In On PLUS Korea Defense Industry Index ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Militia Capital Partners LP purchased a new stake in PLUS Korea Defense Industry Index ETF during the 3rd quarter valued at $240,000. TD Waterhouse Canada Inc. raised its stake in shares of PLUS Korea Defense Industry Index ETF by 30.5% during the fourth 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 last quarter. Pekin Hardy Strauss Inc. raised its stake in shares of PLUS Korea Defense Industry Index ETF by 9.1% during the fourth 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 shares of PLUS Korea Defense Industry Index ETF during the fourth quarter worth about $745,000. Finally, Helios Capital Management PTE. Ltd. purchased a new stake in shares of PLUS Korea Defense Industry Index ETF during the first 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.