PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) Short Interest Update

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 34,693 shares, an increase of 1,368.2% from the March 31st total of 2,363 shares. Based on an average daily volume of 205,741 shares, the short-interest ratio is presently 0.2 days. Currently, 1.1% of the shares of the company are sold short.

PLUS Korea Defense Industry Index ETF Stock Performance

NYSEARCA KDEF traded up $1.34 during mid-day trading on Friday, reaching $63.36. 70,580 shares of the stock were exchanged, compared to its average volume of 146,024. The company has a market capitalization of $204.65 million, a P/E ratio of 23.08 and a beta of 1.88. The business’s 50 day moving average is $58.71 and its 200-day moving average is $51.58. PLUS Korea Defense Industry Index ETF has a 1 year low of $28.96 and a 1 year high of $67.41.

Institutional Investors Weigh In On PLUS Korea Defense Industry Index ETF

Several hedge funds have recently modified their holdings of the company. OLD Mission Capital LLC acquired a new stake in shares of PLUS Korea Defense Industry Index ETF during the 4th quarter valued at about $745,000. Spectrum Strategic Capital Management LLC purchased a new position in PLUS Korea Defense Industry Index ETF during the fourth quarter worth approximately $2,268,000. Pekin Hardy Strauss Inc. grew its holdings 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 valued at $527,000 after purchasing an additional 1,000 shares during the period. TD Waterhouse Canada Inc. grew its holdings in PLUS Korea Defense Industry Index ETF by 30.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 8,674 shares of the company’s stock valued at $377,000 after purchasing an additional 2,028 shares during the period. Finally, Militia Capital Partners LP purchased a new stake in shares of PLUS Korea Defense Industry Index ETF in the third quarter valued at approximately $240,000.

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.