Short Interest in PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) Decreases By 59.2%

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 69,350 shares, a decline of 59.2% from the January 15th total of 169,798 shares. Based on an average daily volume of 123,021 shares, the short-interest ratio is presently 0.6 days. Currently, 2.8% of the shares of the stock are sold short. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily volume of 123,021 shares, the short-interest ratio is presently 0.6 days.

PLUS Korea Defense Industry Index ETF Stock Down 2.0%

PLUS Korea Defense Industry Index ETF stock traded down $1.09 during midday trading on Thursday, hitting $54.46. The company’s stock had a trading volume of 116,476 shares, compared to its average volume of 124,406. PLUS Korea Defense Industry Index ETF has a 12 month low of $23.22 and a 12 month high of $59.45. The company has a market capitalization of $132.88 million, a PE ratio of 23.08 and a beta of 3.24. The stock’s 50-day moving average price is $50.59 and its 200-day moving average price is $46.70.

Institutional Investors Weigh In On PLUS Korea Defense Industry Index ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in PLUS Korea Defense Industry Index ETF in the 1st quarter worth about $1,352,000. Spectrum Strategic Capital Management LLC acquired a new stake in shares of PLUS Korea Defense Industry Index ETF during the fourth quarter valued at approximately $2,268,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of PLUS Korea Defense Industry Index ETF in the 2nd quarter valued at approximately $330,000. Trek Financial LLC boosted 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 worth $1,665,000 after purchasing an additional 7,462 shares during the period. Finally, TD Waterhouse Canada Inc. purchased a new position in PLUS Korea Defense Industry Index ETF during the 3rd quarter worth approximately $331,000.

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.