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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 157,900 shares, a decline of 43.5% from the August 15th total of 279,400 shares. Based on an average daily trading volume, of 487,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Invesco PHLX Semiconductor ETF

A number of large investors have recently made changes to their positions in SOXQ. Cambridge Investment Research Advisors Inc. grew its stake in shares of Invesco PHLX Semiconductor ETF by 32.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 109,192 shares of the company’s stock worth $3,588,000 after acquiring an additional 27,006 shares during the period. Banco BTG Pactual S.A. grew its stake in shares of Invesco PHLX Semiconductor ETF by 57.0% in the fourth quarter. Banco BTG Pactual S.A. now owns 29,745 shares of the company’s stock worth $987,000 after acquiring an additional 10,800 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF in the first quarter worth approximately $54,000. Kovack Advisors Inc. grew its stake in shares of Invesco PHLX Semiconductor ETF by 28.6% in the first quarter. Kovack Advisors Inc. now owns 16,850 shares of the company’s stock worth $650,000 after acquiring an additional 3,750 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF in the first quarter worth approximately $297,000.

Invesco PHLX Semiconductor ETF Stock Performance

Shares of Invesco PHLX Semiconductor ETF stock opened at $38.64 on Friday. The stock has a market capitalization of $457.50 million, a PE ratio of 29.37 and a beta of 1.56. Invesco PHLX Semiconductor ETF has a 52-week low of $24.82 and a 52-week high of $46.82. The company has a 50-day simple moving average of $40.27 and a two-hundred day simple moving average of $39.73.

Invesco PHLX Semiconductor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a $0.0609 dividend. The ex-dividend date was Monday, June 24th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.63%.

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.