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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 20,100 shares, a decline of 31.6% from the August 15th total of 29,400 shares. Based on an average daily trading volume, of 73,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Invesco PHLX Semiconductor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOXQ. Ameriprise Financial Inc. lifted its stake in shares of Invesco PHLX Semiconductor ETF by 22.8% in the 1st quarter. Ameriprise Financial Inc. now owns 161,716 shares of the company’s stock valued at $4,116,000 after purchasing an additional 30,012 shares during the period. Bank of America Corp DE grew its position in shares of Invesco PHLX Semiconductor ETF by 339.3% during the 1st quarter. Bank of America Corp DE now owns 83,862 shares of the company’s stock worth $2,134,000 after buying an additional 64,770 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Invesco PHLX Semiconductor ETF during the 2nd quarter worth approximately $2,108,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Invesco PHLX Semiconductor ETF during the 2nd quarter valued at $1,438,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Invesco PHLX Semiconductor ETF by 262.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 48,295 shares of the company’s stock worth $1,397,000 after acquiring an additional 34,956 shares in the last quarter.

Invesco PHLX Semiconductor ETF Stock Down 2.9 %

Shares of NASDAQ SOXQ traded down $0.82 during trading on Friday, reaching $27.43. The company had a trading volume of 36,114 shares, compared to its average volume of 77,002. The stock has a market cap of $132.21 million, a P/E ratio of 14.52 and a beta of 1.56. The company’s fifty day moving average price is $28.75 and its 200-day moving average price is $26.65. Invesco PHLX Semiconductor ETF has a 12 month low of $16.45 and a 12 month high of $30.53.

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.