PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) Short Interest Up 4,474.3% in January

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 169,798 shares, an increase of 4,474.3% from the December 31st total of 3,712 shares. Based on an average daily trading volume, of 128,637 shares, the days-to-cover ratio is currently 1.3 days. Approximately 7.8% of the company’s stock are sold short. Approximately 7.8% of the company’s stock are sold short. Based on an average daily trading volume, of 128,637 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of PLUS Korea Defense Industry Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Laurel Wealth Advisors LLC boosted its holdings in shares of PLUS Korea Defense Industry Index ETF by 4,029.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,097 shares of the company’s stock valued at $128,000 after buying an additional 3,022 shares during the last quarter. Militia Capital Partners LP acquired a new position in PLUS Korea Defense Industry Index ETF during the third quarter worth $240,000. Pekin Hardy Strauss Inc. bought a new stake in PLUS Korea Defense Industry Index ETF during the second quarter worth $330,000. TD Waterhouse Canada Inc. acquired a new stake in PLUS Korea Defense Industry Index ETF in the third quarter valued at $331,000. Finally, Jane Street Group LLC bought a new position in shares of PLUS Korea Defense Industry Index ETF in the 1st quarter valued at about $1,352,000.

PLUS Korea Defense Industry Index ETF Trading Down 0.4%

Shares of KDEF stock traded down $0.22 during trading hours on Tuesday, hitting $56.85. 155,442 shares of the company were exchanged, compared to its average volume of 136,250. The business has a 50 day moving average of $46.77 and a two-hundred day moving average of $45.50. PLUS Korea Defense Industry Index ETF has a 52 week low of $21.20 and a 52 week high of $57.95. The company has a market capitalization of $124.50 million, a PE ratio of 23.08 and a beta of 3.24.

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.