Short Interest in PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) Drops By 47.6%

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

Institutional Trading of PLUS Korea Defense Industry Index ETF

Hedge funds have recently bought and sold shares of the business. Militia Capital Partners LP acquired a new position in PLUS Korea Defense Industry Index ETF during the third quarter worth $240,000. TD Waterhouse Canada Inc. acquired a new position in shares of PLUS Korea Defense Industry Index ETF during the third quarter valued at about $331,000. Pekin Hardy Strauss Inc. increased 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 acquiring an additional 3,000 shares in the last quarter. Helios Capital Management PTE. Ltd. acquired a new stake in shares of PLUS Korea Defense Industry Index ETF in the 1st quarter worth about $791,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of PLUS Korea Defense Industry Index ETF in the 4th quarter worth about $745,000.

PLUS Korea Defense Industry Index ETF Stock Down 0.1%

NYSEARCA:KDEF traded down $0.06 on Monday, hitting $52.83. The stock had a trading volume of 153,565 shares, compared to its average volume of 150,858. PLUS Korea Defense Industry Index ETF has a 52 week low of $31.51 and a 52 week high of $67.41. The business’s fifty day moving average is $58.86 and its 200 day moving average is $52.90. The company has a market cap of $170.64 million, a PE ratio of 23.08 and a beta of 1.76.

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.