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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,751,018 shares, an increase of 73.0% from the May 31st total of 1,012,256 shares. Based on an average daily volume of 3,997,985 shares, the short-interest ratio is presently 0.4 days. Currently, 9.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SOXQ. Qube Research & Technologies Ltd acquired a new position in Invesco PHLX Semiconductor ETF in the third quarter valued at approximately $35,000. Global Assets Advisory LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF during the 1st quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco PHLX Semiconductor ETF by 112.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock valued at $42,000 after purchasing an additional 505 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the 1st quarter valued at $44,000. Finally, Royal Bank of Canada lifted its stake in shares of Invesco PHLX Semiconductor ETF by 118.7% in the 4th quarter. Royal Bank of Canada now owns 1,286 shares of the company’s stock valued at $72,000 after purchasing an additional 698 shares during the period.

Invesco PHLX Semiconductor ETF Stock Performance

NASDAQ:SOXQ opened at $99.29 on Friday. The firm’s fifty day moving average is $98.15 and its two-hundred day moving average is $74.91. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 34.20 and a beta of 1.76. Invesco PHLX Semiconductor ETF has a one year low of $42.67 and a one year high of $115.34.

Invesco PHLX Semiconductor ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.0773 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.3%.

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.