Short Interest in PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) Expands By 1,368.2%

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 34,693 shares, an increase of 1,368.2% from the March 31st total of 2,363 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 205,741 shares, the short-interest ratio is presently 0.2 days.

PLUS Korea Defense Industry Index ETF Stock Performance

Shares of KDEF opened at $63.36 on Friday. PLUS Korea Defense Industry Index ETF has a fifty-two week low of $28.96 and a fifty-two week high of $67.41. The stock has a market capitalization of $204.65 million, a PE ratio of 23.08 and a beta of 1.88. The company’s fifty day moving average is $58.84 and its 200 day moving average is $51.69.

Hedge Funds Weigh In On PLUS Korea Defense Industry Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Pekin Hardy Strauss Inc. increased its holdings in PLUS Korea Defense Industry Index ETF by 9.1% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 12,000 shares of the company’s stock worth $527,000 after buying an additional 1,000 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of PLUS Korea Defense Industry Index ETF by 30.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 8,674 shares of the company’s stock valued at $377,000 after buying an additional 2,028 shares in the last quarter. Militia Capital Partners LP purchased a new position in shares of PLUS Korea Defense Industry Index ETF during the 3rd quarter valued at approximately $240,000. OLD Mission Capital LLC purchased a new position in PLUS Korea Defense Industry Index ETF in the 4th quarter valued at $745,000. Finally, Spectrum Strategic Capital Management LLC purchased a new position in PLUS Korea Defense Industry Index ETF in the 4th quarter valued at $2,268,000.

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.