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

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) shares fell 4.8% during mid-day trading on Thursday . The stock traded as low as $40.12 and last traded at $40.46. 107,473 shares were traded during trading, a decline of 28% from the average session volume of 150,002 shares. The stock had previously closed at $42.50.

PLUS Korea Defense Industry Index ETF Stock Performance

The company has a market capitalization of $125.81 million, a P/E ratio of 23.08 and a beta of 1.23. The stock’s fifty day moving average price is $52.95 and its 200-day moving average price is $53.85.

Institutional Trading of PLUS Korea Defense Industry Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Militia Capital Partners LP bought a new position in shares of PLUS Korea Defense Industry Index ETF in the third quarter valued at approximately $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 worth $377,000 after acquiring an additional 2,028 shares in the last quarter. Pekin Hardy Strauss Inc. lifted its stake in PLUS Korea Defense Industry Index ETF by 9.1% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 12,000 shares of the company’s stock worth $527,000 after purchasing an additional 1,000 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in PLUS Korea Defense Industry Index ETF during the 4th quarter valued at about $745,000. Finally, Helios Capital Management PTE. Ltd. bought a new position in shares of PLUS Korea Defense Industry Index ETF in the first quarter worth approximately $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.