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

PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 12,057 shares, an increase of 111.9% from the May 31st total of 5,691 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 170,351 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On PLUS Korea Defense Industry Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Militia Capital Partners LP purchased a new position in PLUS Korea Defense Industry Index ETF during the third quarter valued at approximately $240,000. TD Waterhouse Canada Inc. increased its stake in shares of PLUS Korea Defense Industry Index ETF by 30.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 8,674 shares of the company’s stock worth $377,000 after purchasing an additional 2,028 shares in the last quarter. Pekin Hardy Strauss Inc. increased its stake in shares of PLUS Korea Defense Industry Index ETF by 9.1% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 12,000 shares of the company’s stock worth $527,000 after purchasing an additional 1,000 shares in the last quarter. OLD Mission Capital LLC bought a new stake in shares of PLUS Korea Defense Industry Index ETF during the 4th quarter valued at $745,000. Finally, Helios Capital Management PTE. Ltd. bought a new stake in shares of PLUS Korea Defense Industry Index ETF during the 1st quarter valued at $791,000.

PLUS Korea Defense Industry Index ETF Stock Up 5.9%

NYSEARCA KDEF opened at $41.24 on Tuesday. PLUS Korea Defense Industry Index ETF has a 52 week low of $37.80 and a 52 week high of $67.41. The company has a market capitalization of $133.21 million, a P/E ratio of 23.08 and a beta of 1.23. The stock’s 50-day moving average price is $52.56 and its 200-day moving average price is $53.90.

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.