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

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 12,057 shares, a growth of 111.9% from the May 31st total of 5,691 shares. Based on an average daily volume of 170,351 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the shares of the company are short sold.

PLUS Korea Defense Industry Index ETF Price Performance

Shares of KDEF stock traded up $1.06 during trading hours on Wednesday, reaching $41.56. 55,014 shares of the company’s stock were exchanged, compared to its average volume of 147,719. The company has a market cap of $134.24 million, a P/E ratio of 23.08 and a beta of 1.23. The company’s 50 day moving average is $51.72 and its two-hundred day moving average is $53.86. PLUS Korea Defense Industry Index ETF has a 1 year low of $37.80 and a 1 year high of $67.41.

Institutional Trading of PLUS Korea Defense Industry Index ETF

Several large investors have recently modified their holdings of KDEF. Helios Capital Management PTE. Ltd. acquired a new position in shares of PLUS Korea Defense Industry Index ETF during the 1st quarter valued at about $791,000. OLD Mission Capital LLC acquired a new stake in shares of PLUS Korea Defense Industry Index ETF in the fourth quarter worth approximately $745,000. Spectrum Strategic Capital Management LLC purchased a new stake in PLUS Korea Defense Industry Index ETF in the fourth quarter valued at approximately $2,268,000. Pekin Hardy Strauss Inc. increased its position in PLUS Korea Defense Industry Index ETF by 9.1% during 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 during the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in PLUS Korea Defense Industry Index ETF by 30.5% during the fourth 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 during the period.

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.