PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF – Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 24,661 shares, an increase of 348.2% from the September 15th total of 5,502 shares. Based on an average daily trading volume, of 37,183 shares, the short-interest ratio is currently 0.7 days. Approximately 1.0% of the shares of the company are sold short.
PLUS Korea Defense Industry Index ETF Price Performance
Shares of NYSEARCA:KDEF traded down $2.36 during mid-day trading on Monday, reaching $37.55. 28,932 shares of the company traded hands, compared to its average volume of 112,702. The company’s 50 day moving average price is $42.56 and its 200-day moving average price is $47.33. The firm has a market cap of $97.25 million, a PE ratio of 23.08 and a beta of 1.64. PLUS Korea Defense Industry Index ETF has a 52 week low of $33.17 and a 52 week high of $67.41.
Hedge Funds Weigh In On PLUS Korea Defense Industry Index ETF
An institutional investor recently bought a new position in PLUS Korea Defense Industry Index ETF stock. Concurrent Investment Advisors LLC acquired a new position in PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 37,233 shares of the company’s stock, valued at approximately $1,508,000. Concurrent Investment Advisors LLC owned approximately 1.41% of PLUS Korea Defense Industry Index ETF at the end of the most recent reporting period.
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.
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