Short Interest in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Increases By 386.5%

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,012,256 shares, an increase of 386.5% from the May 14th total of 208,082 shares. Based on an average daily trading volume, of 2,136,032 shares, the days-to-cover ratio is currently 0.5 days. Currently, 5.3% of the company’s stock are short sold.

Institutional Trading of Invesco PHLX Semiconductor ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers raised its stake in shares of Invesco PHLX Semiconductor ETF by 2.8% in the fourth quarter. Cetera Investment Advisers now owns 6,678 shares of the company’s stock worth $372,000 after purchasing an additional 182 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Invesco PHLX Semiconductor ETF by 0.8% in the fourth quarter. Global Retirement Partners LLC now owns 23,318 shares of the company’s stock worth $1,300,000 after purchasing an additional 189 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Invesco PHLX Semiconductor ETF by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 81,118 shares of the company’s stock worth $4,066,000 after purchasing an additional 235 shares during the last quarter. Almanack Investment Partners LLC. raised its stake in shares of Invesco PHLX Semiconductor ETF by 2.2% in the fourth quarter. Almanack Investment Partners LLC. now owns 15,437 shares of the company’s stock worth $861,000 after purchasing an additional 333 shares during the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of Invesco PHLX Semiconductor ETF by 1.5% in the fourth quarter. Corient Private Wealth LLC now owns 26,706 shares of the company’s stock worth $1,489,000 after purchasing an additional 385 shares during the last quarter.

Invesco PHLX Semiconductor ETF Stock Performance

SOXQ stock opened at $96.08 on Thursday. The company has a market cap of $1.85 billion, a P/E ratio of 34.20 and a beta of 1.78. Invesco PHLX Semiconductor ETF has a fifty-two week low of $40.21 and a fifty-two week high of $110.54. The stock’s 50 day simple moving average is $85.13 and its 200 day simple moving average is $68.90.

Invesco PHLX Semiconductor ETF Increases Dividend

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

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.