PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF – Get Free Report) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 15,515 shares, a decline of 49.8% from the August 15th total of 30,897 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 40,421 shares, the days-to-cover ratio is presently 0.4 days.
PLUS Korea Defense Industry Index ETF Stock Down 1.3%
KDEF traded down $0.53 during trading on Wednesday, hitting $41.47. 50,200 shares of the company’s stock were exchanged, compared to its average volume of 119,353. PLUS Korea Defense Industry Index ETF has a fifty-two week low of $33.17 and a fifty-two week high of $67.41. The stock has a market cap of $124.37 million, a P/E ratio of 23.08 and a beta of 1.61. The business’s 50 day moving average is $41.06 and its two-hundred day moving average is $49.41.
Institutional Trading of PLUS Korea Defense Industry Index ETF
Several hedge funds and other institutional investors have recently modified their holdings of the business. Concurrent Investment Advisors LLC bought a new position in shares of PLUS Korea Defense Industry Index ETF in the second quarter worth $1,508,000. Helios Capital Management PTE. Ltd. purchased a new position in PLUS Korea Defense Industry Index ETF in the 1st quarter worth $791,000. Finally, Spectrum Strategic Capital Management LLC bought a new position in PLUS Korea Defense Industry Index ETF during the 4th quarter worth approximately $2,268,000.
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.
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