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

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 3,712 shares, a decline of 91.0% from the December 15th total of 41,249 shares. Based on an average daily volume of 31,627 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 31,627 shares, the days-to-cover ratio is currently 0.1 days.

PLUS Korea Defense Industry Index ETF Price Performance

KDEF stock traded up $1.02 during midday trading on Monday, reaching $54.50. The company had a trading volume of 167,581 shares, compared to its average volume of 133,074. The firm has a 50-day moving average price of $43.98 and a 200-day moving average price of $44.27. The company has a market capitalization of $89.93 million, a P/E ratio of 23.08 and a beta of 3.24. PLUS Korea Defense Industry Index ETF has a 1 year low of $21.20 and a 1 year high of $54.50.

Institutional Investors Weigh In On PLUS Korea Defense Industry Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Laurel Wealth Advisors LLC grew its position in PLUS Korea Defense Industry Index ETF by 4,029.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,097 shares of the company’s stock worth $128,000 after acquiring an additional 3,022 shares during the last quarter. Militia Capital Partners LP purchased a new stake in shares of PLUS Korea Defense Industry Index ETF during the third quarter valued at approximately $240,000. Pekin Hardy Strauss Inc. bought a new position in shares of PLUS Korea Defense Industry Index ETF in the second quarter worth approximately $330,000. TD Waterhouse Canada Inc. bought a new position in shares of PLUS Korea Defense Industry Index ETF in the third quarter worth approximately $331,000. Finally, Jane Street Group LLC purchased a new position in shares of PLUS Korea Defense Industry Index ETF in the first quarter worth $1,352,000.

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.