PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) Sees Large Decrease in Short Interest

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 5,502 shares, a decrease of 64.5% from the August 31st total of 15,515 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 32,157 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On PLUS Korea Defense Industry Index ETF

An institutional investor recently bought a new position in PLUS Korea Defense Industry Index ETF stock. Concurrent Investment Advisors LLC acquired a new position in PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 37,233 shares of the company’s stock, valued at approximately $1,508,000. Concurrent Investment Advisors LLC owned 1.41% of PLUS Korea Defense Industry Index ETF at the end of the most recent reporting period.

PLUS Korea Defense Industry Index ETF Trading Down 1.0%

Shares of PLUS Korea Defense Industry Index ETF stock traded down $0.44 on Tuesday, hitting $42.08. 8,397 shares of the company traded hands, compared to its average volume of 115,463. The stock’s 50 day moving average price is $41.69 and its 200-day moving average price is $48.32. The company has a market cap of $108.98 million, a PE ratio of 23.08 and a beta of 1.61. PLUS Korea Defense Industry Index ETF has a 52 week low of $33.17 and a 52 week high of $67.41.

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.