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 large decline in short interest in February. As of February 13th, there was short interest totaling 38,782 shares, a decline of 44.1% from the January 29th total of 69,350 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average trading volume of 117,396 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 117,396 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.6% of the company’s stock are short sold.

PLUS Korea Defense Industry Index ETF Price Performance

KDEF stock traded up $2.53 during trading hours on Monday, reaching $63.41. 291,072 shares of the stock were exchanged, compared to its average volume of 120,424. The firm’s 50-day moving average is $54.24 and its 200-day moving average is $48.23. PLUS Korea Defense Industry Index ETF has a 12 month low of $23.22 and a 12 month high of $63.81. The company has a market cap of $154.72 million, a price-to-earnings ratio of 23.08 and a beta of 3.24.

Institutional Investors Weigh In On PLUS Korea Defense Industry Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Laurel Wealth Advisors LLC boosted 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 bought a new stake in shares of PLUS Korea Defense Industry Index ETF in the third quarter worth $240,000. TD Waterhouse Canada Inc. bought a new stake in shares of PLUS Korea Defense Industry Index ETF in the third quarter worth $331,000. Pekin Hardy Strauss Inc. acquired a new position in PLUS Korea Defense Industry Index ETF during the second quarter worth $330,000. Finally, OLD Mission Capital LLC bought a new position in PLUS Korea Defense Industry Index ETF in the fourth quarter valued at $745,000.

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.