PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) Short Interest Update

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 26,179 shares, a drop of 32.5% from the February 12th total of 38,782 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 93,029 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 93,029 shares, the short-interest ratio is presently 0.3 days. Currently, 1.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KDEF. Laurel Wealth Advisors LLC raised its stake in PLUS Korea Defense Industry Index ETF by 4,029.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,097 shares of the company’s stock worth $128,000 after acquiring an additional 3,022 shares in the last quarter. Militia Capital Partners LP purchased a new position in shares of PLUS Korea Defense Industry Index ETF during the third quarter worth about $240,000. TD Waterhouse Canada Inc. acquired a new stake in shares of PLUS Korea Defense Industry Index ETF during the third quarter worth about $331,000. Pekin Hardy Strauss Inc. lifted its holdings in shares of PLUS Korea Defense Industry Index ETF by 37.5% in the 3rd 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. Finally, OLD Mission Capital LLC purchased a new stake in shares of PLUS Korea Defense Industry Index ETF in the 4th quarter valued at about $745,000.

PLUS Korea Defense Industry Index ETF Trading Down 1.1%

KDEF traded down $0.67 on Friday, hitting $58.54. 79,341 shares of the company were exchanged, compared to its average volume of 142,527. The firm has a 50-day moving average price of $57.02 and a two-hundred day moving average price of $49.47. PLUS Korea Defense Industry Index ETF has a twelve month low of $23.22 and a twelve month high of $67.41. The company has a market cap of $142.84 million, a price-to-earnings 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.