PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) Sees Large Decrease in Short Interest

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 18,171 shares, a decrease of 47.6% from the April 15th total of 34,693 shares. Based on an average daily volume of 148,747 shares, the short-interest ratio is presently 0.1 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in shares of PLUS Korea Defense Industry Index ETF during the 1st quarter worth $1,352,000. TD Waterhouse Canada Inc. purchased a new position in PLUS Korea Defense Industry Index ETF in the third quarter valued at about $331,000. Pekin Hardy Strauss Inc. grew its stake in PLUS Korea Defense Industry Index ETF by 37.5% in the third quarter. Pekin Hardy Strauss Inc. now owns 11,000 shares of the company’s stock valued at $546,000 after purchasing an additional 3,000 shares during the last quarter. Militia Capital Partners LP bought a new position in PLUS Korea Defense Industry Index ETF in the third quarter worth about $240,000. Finally, Spectrum Strategic Capital Management LLC bought a new position in PLUS Korea Defense Industry Index ETF in the fourth quarter worth about $2,268,000.

PLUS Korea Defense Industry Index ETF Stock Down 6.1%

KDEF stock traded down $3.42 during trading on Friday, hitting $52.89. 107,708 shares of the company’s stock traded hands, compared to its average volume of 150,871. The firm has a market capitalization of $170.83 million, a P/E ratio of 23.08 and a beta of 1.76. PLUS Korea Defense Industry Index ETF has a 1 year low of $31.51 and a 1 year high of $67.41. The business has a fifty day simple moving average of $58.86 and a two-hundred day simple moving average of $52.87.

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.