PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF – Get Free Report) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 15,515 shares, a decrease of 49.8% from the August 15th total of 30,897 shares. Based on an average trading volume of 40,421 shares, the short-interest ratio is currently 0.4 days. Currently, 0.6% of the shares of the company are short sold.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Spectrum Strategic Capital Management LLC purchased a new stake in PLUS Korea Defense Industry Index ETF in the fourth quarter valued at approximately $2,268,000. Concurrent Investment Advisors LLC purchased a new position in shares of PLUS Korea Defense Industry Index ETF during the second quarter worth approximately $1,508,000. Finally, Helios Capital Management PTE. Ltd. acquired a new position in shares of PLUS Korea Defense Industry Index ETF in the 1st quarter valued at $791,000.
PLUS Korea Defense Industry Index ETF Stock Performance
Shares of KDEF stock traded down $1.03 during mid-day trading on Tuesday, hitting $42.00. 31,160 shares of the stock were exchanged, compared to its average volume of 119,746. PLUS Korea Defense Industry Index ETF has a 12-month low of $33.17 and a 12-month high of $67.41. The stock has a market capitalization of $110.88 million, a price-to-earnings ratio of 23.08 and a beta of 1.61. The stock’s fifty day simple moving average is $41.03 and its two-hundred day simple moving average is $49.67.
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.
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