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

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 184,800 shares, an increase of 605.9% from the February 26th total of 26,179 shares. Based on an average daily trading volume, of 245,888 shares, the short-interest ratio is presently 0.8 days. Approximately 7.6% of the shares of the company are short sold. Approximately 7.6% of the shares of the company are short sold. Based on an average daily trading volume, of 245,888 shares, the short-interest ratio is presently 0.8 days.

PLUS Korea Defense Industry Index ETF Stock Performance

Shares of NYSEARCA KDEF traded down $0.34 during trading on Tuesday, reaching $54.39. The stock had a trading volume of 54,479 shares, compared to its average volume of 141,871. The stock has a market cap of $132.71 million, a PE ratio of 23.08 and a beta of 3.24. PLUS Korea Defense Industry Index ETF has a one year low of $23.22 and a one year high of $67.41. The firm’s 50 day moving average price is $57.81 and its two-hundred day moving average price is $50.15.

Institutional Trading of PLUS Korea Defense Industry Index ETF

Several institutional investors have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC raised its holdings in shares of PLUS Korea Defense Industry Index ETF by 4,029.3% during the second quarter. Laurel Wealth Advisors LLC now owns 3,097 shares of the company’s stock worth $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 during the 3rd quarter valued at about $240,000. TD Waterhouse Canada Inc. bought a new stake in shares of PLUS Korea Defense Industry Index ETF during the 3rd quarter valued at about $331,000. Pekin Hardy Strauss Inc. raised its stake 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 acquiring an additional 1,000 shares during the period. Finally, OLD Mission Capital LLC acquired a new stake in PLUS Korea Defense Industry Index ETF during the fourth quarter worth about $745,000.

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.