PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF – Get Free Report) was the recipient of a significant decrease in short interest in the month of 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. Based on an average daily trading volume, of 32,157 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.
PLUS Korea Defense Industry Index ETF Stock Up 3.8%
PLUS Korea Defense Industry Index ETF stock traded up $1.51 during midday trading on Friday, hitting $41.52. 135,870 shares of the stock were exchanged, compared to its average volume of 116,560. The company has a fifty day simple moving average of $41.57 and a two-hundred day simple moving average of $48.56. The stock has a market capitalization of $107.54 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.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in PLUS Korea Defense Industry Index ETF stock. Concurrent Investment Advisors LLC acquired a new stake in PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 37,233 shares of the company’s stock, valued at approximately $1,508,000. Concurrent Investment Advisors LLC owned approximately 1.41% of PLUS Korea Defense Industry Index ETF at the end of the most recent quarter.
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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