Short Interest in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Decreases By 53.9%

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 208,082 shares, a drop of 53.9% from the April 30th total of 451,015 shares. Based on an average daily volume of 2,027,961 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.1% of the company’s stock are short sold.

Invesco PHLX Semiconductor ETF Trading Up 1.0%

Invesco PHLX Semiconductor ETF stock traded up $1.00 during trading on Tuesday, hitting $102.03. 1,912,186 shares of the company were exchanged, compared to its average volume of 1,327,738. The company has a market capitalization of $1.97 billion, a P/E ratio of 34.20 and a beta of 1.74. The business’s 50 day moving average is $79.30 and its 200 day moving average is $66.49. Invesco PHLX Semiconductor ETF has a 52 week low of $37.42 and a 52 week high of $103.38.

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.0706 dividend. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, March 23rd. This represents a $0.28 annualized dividend and a yield of 0.3%.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Global Assets Advisory LLC purchased a new stake in Invesco PHLX Semiconductor ETF during the 1st quarter worth about $39,000. Qube Research & Technologies Ltd purchased a new stake in shares of Invesco PHLX Semiconductor ETF in the third quarter worth about $35,000. Western Wealth Management LLC bought a new position in shares of Invesco PHLX Semiconductor ETF in the first quarter valued at approximately $44,000. Northwestern Mutual Wealth Management Co. grew its stake in Invesco PHLX Semiconductor ETF by 112.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock valued at $42,000 after acquiring an additional 505 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Invesco PHLX Semiconductor ETF by 118.7% during the 4th quarter. Royal Bank of Canada now owns 1,286 shares of the company’s stock worth $72,000 after acquiring an additional 698 shares during the period.

Invesco PHLX Semiconductor ETF Company Profile

The Invesco PHLX Semiconductor ETF (SOXQ) is an exchange-traded fund that is based on the PHLX / Semiconductor index, a modified market-cap-weighted index of 30 US-listed semiconductor companies. SOXQ was launched on Jun 11, 2021 and is managed by Invesco.