PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF – Get Free Report) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 5,059 shares, a decrease of 72.2% from the April 30th total of 18,171 shares. Based on an average daily volume of 165,685 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.2% of the shares of the company are sold short.
PLUS Korea Defense Industry Index ETF Stock Performance
NYSEARCA:KDEF opened at $53.14 on Friday. PLUS Korea Defense Industry Index ETF has a 1 year low of $33.32 and a 1 year high of $67.41. The stock has a market cap of $171.64 million, a price-to-earnings ratio of 23.08 and a beta of 1.76. The business has a fifty day moving average of $57.56 and a 200-day moving average of $53.30.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Pekin Hardy Strauss Inc. grew its stake in shares of 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 worth $527,000 after purchasing an additional 1,000 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of 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 buying an additional 2,028 shares during the period. Militia Capital Partners LP acquired a new stake in shares of PLUS Korea Defense Industry Index ETF in the third quarter valued at $240,000. Helios Capital Management PTE. Ltd. acquired a new stake in shares of PLUS Korea Defense Industry Index ETF in the first quarter valued at $791,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of 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.
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