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

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 169,798 shares, a growth of 4,474.3% from the December 31st total of 3,712 shares. Based on an average daily trading volume, of 128,637 shares, the short-interest ratio is currently 1.3 days. Approximately 7.8% of the company’s shares are sold short. Approximately 7.8% of the company’s shares are sold short. Based on an average daily trading volume, of 128,637 shares, the short-interest ratio is currently 1.3 days.

PLUS Korea Defense Industry Index ETF Price Performance

Shares of KDEF opened at $56.85 on Wednesday. The business has a 50-day moving average of $46.77 and a 200-day moving average of $45.50. The company has a market capitalization of $124.50 million, a price-to-earnings ratio of 23.08 and a beta of 3.24. PLUS Korea Defense Industry Index ETF has a 1 year low of $21.20 and a 1 year high of $57.95.

Institutional Investors Weigh In On PLUS Korea Defense Industry Index ETF

A number of institutional investors have recently modified their holdings of KDEF. Laurel Wealth Advisors LLC lifted its holdings in PLUS Korea Defense Industry Index ETF by 4,029.3% in the second quarter. Laurel Wealth Advisors LLC now owns 3,097 shares of the company’s stock valued at $128,000 after buying an additional 3,022 shares during the period. Pekin Hardy Strauss Inc. acquired a new stake in PLUS Korea Defense Industry Index ETF during the 2nd quarter worth about $330,000. Militia Capital Partners LP bought a new position in shares of PLUS Korea Defense Industry Index ETF in the 3rd quarter worth about $240,000. Jane Street Group LLC acquired a new position in shares of PLUS Korea Defense Industry Index ETF in the 1st quarter valued at about $1,352,000. Finally, TD Waterhouse Canada Inc. boosted 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 purchasing an additional 2,028 shares in the last quarter.

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.