Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Large Drop in Short Interest

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 765,742 shares, a decline of 58.2% from the July 30th total of 1,831,469 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average trading volume of 1,791,481 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Invesco PHLX Semiconductor ETF

A number of large investors have recently added to or reduced their stakes in the business. LPL Financial LLC increased its holdings in shares of Invesco PHLX Semiconductor ETF by 3.6% in the fourth quarter. LPL Financial LLC now owns 305,196 shares of the company’s stock valued at $17,021,000 after buying an additional 10,471 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Invesco PHLX Semiconductor ETF by 215.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock worth $10,698,000 after acquiring an additional 167,554 shares in the last quarter. Condor Capital Management boosted its stake in shares of Invesco PHLX Semiconductor ETF by 58.0% during the 4th quarter. Condor Capital Management now owns 192,807 shares of the company’s stock worth $10,753,000 after acquiring an additional 70,746 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco PHLX Semiconductor ETF by 9.5% in the 2nd quarter. Bank of America Corp DE now owns 173,182 shares of the company’s stock worth $7,561,000 after acquiring an additional 15,066 shares during the last quarter. Finally, Meitav Investment House Ltd. grew its holdings in shares of Invesco PHLX Semiconductor ETF by 2.5% in the 1st quarter. Meitav Investment House Ltd. now owns 95,370 shares of the company’s stock worth $5,694,000 after acquiring an additional 2,300 shares during the last quarter.

Invesco PHLX Semiconductor ETF Trading Down 3.5%

Shares of Invesco PHLX Semiconductor ETF stock opened at $90.28 on Friday. Invesco PHLX Semiconductor ETF has a 52 week low of $43.35 and a 52 week high of $115.34. The stock has a market cap of $2.56 billion, a PE ratio of 34.20 and a beta of 1.79. The company’s 50-day moving average price is $96.88 and its two-hundred day moving average price is $84.67.

Invesco PHLX Semiconductor ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.0773 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.31 annualized dividend and a dividend yield of 0.3%.

About Invesco PHLX Semiconductor ETF

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.