PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) Sees Significant Drop in Short Interest

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 38,782 shares, a decline of 44.1% from the January 29th total of 69,350 shares. Based on an average trading volume of 117,396 shares, the short-interest ratio is currently 0.3 days. Approximately 1.6% of the company’s stock are sold short. Approximately 1.6% of the company’s stock are sold short. Based on an average trading volume of 117,396 shares, the short-interest ratio is currently 0.3 days.

PLUS Korea Defense Industry Index ETF Stock Performance

Shares of NYSEARCA:KDEF traded up $1.27 during midday trading on Friday, hitting $60.88. 97,644 shares of the stock were exchanged, compared to its average volume of 116,028. PLUS Korea Defense Industry Index ETF has a 52-week low of $23.22 and a 52-week high of $61.16. The company has a market capitalization of $148.55 million, a PE ratio of 23.08 and a beta of 3.24. The business’s fifty day simple moving average is $53.87 and its two-hundred day simple moving average is $47.96.

Hedge Funds Weigh In On PLUS Korea Defense Industry Index ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. increased its stake 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 in the last quarter. TD Waterhouse Canada Inc. increased its holdings in PLUS Korea Defense Industry Index ETF by 30.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 8,674 shares of the company’s stock worth $377,000 after purchasing an additional 2,028 shares in the last quarter. Laurel Wealth Advisors LLC raised its stake 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 purchasing an additional 3,022 shares during the period. Militia Capital Partners LP bought a new stake in shares of PLUS Korea Defense Industry Index ETF in the third quarter valued at about $240,000. Finally, Trek Financial LLC lifted its stake in PLUS Korea Defense Industry Index ETF by 22.7% in the 2nd quarter. Trek Financial LLC now owns 40,330 shares of the company’s stock valued at $1,665,000 after acquiring an additional 7,462 shares in the last quarter.

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.