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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 138,700 shares, an increase of 72.3% from the March 31st total of 80,500 shares. Based on an average daily volume of 249,200 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Large investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new position in Invesco PHLX Semiconductor ETF in the 1st quarter valued at approximately $54,000. Global Retirement Partners LLC grew its stake in Invesco PHLX Semiconductor ETF by 51.1% in the 4th quarter. Global Retirement Partners LLC now owns 4,545 shares of the company’s stock valued at $147,000 after buying an additional 1,537 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Invesco PHLX Semiconductor ETF during the 4th quarter valued at $207,000. L.M. Kohn & Company grew its position in shares of Invesco PHLX Semiconductor ETF by 23.1% during the 3rd quarter. L.M. Kohn & Company now owns 10,675 shares of the company’s stock valued at $289,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Invesco PHLX Semiconductor ETF during the 4th quarter valued at $322,000.

Invesco PHLX Semiconductor ETF Stock Up 2.6 %

Shares of SOXQ stock opened at $37.30 on Friday. The company has a 50 day moving average of $37.51 and a 200-day moving average of $33.10. Invesco PHLX Semiconductor ETF has a 12-month low of $22.61 and a 12-month high of $41.12. The firm has a market cap of $361.06 million, a P/E ratio of 29.87 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.0687 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.27 annualized dividend and a dividend yield of 0.74%.

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.