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

by · The Cerbat Gem

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF – Get Free Report) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 3,712 shares, a drop of 91.0% from the December 15th total of 41,249 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 31,627 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 31,627 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

PLUS Korea Defense Industry Index ETF Stock Up 1.9%

Shares of NYSEARCA:KDEF traded up $1.02 during midday trading on Monday, hitting $54.50. 167,581 shares of the stock traded hands, compared to its average volume of 133,074. The business’s 50 day moving average is $43.98 and its two-hundred day moving average is $44.27. The stock has a market capitalization of $89.93 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 $21.20 and a one year high of $54.50.

Hedge Funds Weigh In On PLUS Korea Defense Industry Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in KDEF. Jane Street Group LLC purchased a new stake in PLUS Korea Defense Industry Index ETF in the first quarter worth $1,352,000. Trek Financial LLC raised its holdings 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 in the last quarter. Pekin Hardy Strauss Inc. lifted its position 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 worth $546,000 after purchasing an additional 3,000 shares during the period. 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. Finally, 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.

PLUS Korea Defense Industry Index ETF Company Profile

(Get Free Report)

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.

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