Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Significant Decline in Short Interest

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 364,445 shares, a drop of 34.6% from the December 15th total of 556,900 shares. Approximately 2.5% of the company’s stock are sold short. Based on an average daily volume of 602,249 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 602,249 shares, the short-interest ratio is presently 0.6 days. Approximately 2.5% of the company’s stock are sold short.

Invesco PHLX Semiconductor ETF Price Performance

Shares of Invesco PHLX Semiconductor ETF stock traded up $0.73 during trading on Friday, hitting $62.41. 663,238 shares of the company’s stock traded hands, compared to its average volume of 698,175. Invesco PHLX Semiconductor ETF has a 1 year low of $26.71 and a 1 year high of $63.03. The business has a 50-day simple moving average of $56.29 and a 200-day simple moving average of $51.08. The stock has a market capitalization of $926.16 million, a P/E ratio of 34.20 and a beta of 1.57.

Invesco PHLX Semiconductor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a dividend of $0.0621 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.25 dividend on an annualized basis and a yield of 0.4%.

Institutional Trading of Invesco PHLX Semiconductor ETF

A number of large investors have recently modified their holdings of SOXQ. Farther Finance Advisors LLC grew its stake in Invesco PHLX Semiconductor ETF by 7,141.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 12,600 shares of the company’s stock valued at $550,000 after acquiring an additional 12,426 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Invesco PHLX Semiconductor ETF during the 2nd quarter worth approximately $288,000. Almanack Investment Partners LLC. acquired a new position in Invesco PHLX Semiconductor ETF in the third quarter valued at approximately $757,000. Silver Oak Securities Incorporated purchased a new position in Invesco PHLX Semiconductor ETF in the second quarter worth approximately $246,000. Finally, WBI Investments LLC raised its position in Invesco PHLX Semiconductor ETF by 70.5% in the second quarter. WBI Investments LLC now owns 31,074 shares of the company’s stock valued at $1,357,000 after purchasing an additional 12,848 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.