iShares Semiconductor ETF (NASDAQ:SOXX) Sees Large Decline in Short Interest

iShares Semiconductor ETF (NASDAQ:SOXX) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 5,200,000 shares, a decline of 15.7% from the March 31st total of 6,170,000 shares. Based on an average daily volume of 4,166,500 shares, the short-interest ratio is presently 1.2 days.

iShares Semiconductor ETF Price Performance

iShares Semiconductor ETF stock opened at $216.90 on Friday. The company has a market capitalization of $12.44 billion, a price-to-earnings ratio of 9.84 and a beta of 1.34. The company’s fifty day moving average price is $218.99 and its two-hundred day moving average price is $193.29. iShares Semiconductor ETF has a one year low of $131.53 and a one year high of $240.01.

iShares Semiconductor ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.2249 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 annualized dividend and a yield of 0.41%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in iShares Semiconductor ETF in the 4th quarter worth approximately $419,921,000. Global Assets Advisory LLC acquired a new stake in shares of iShares Semiconductor ETF in the first quarter worth $107,385,000. Donaldson Capital Management LLC increased its position in iShares Semiconductor ETF by 2,107.9% during the first quarter. Donaldson Capital Management LLC now owns 246,737 shares of the exchange traded fund’s stock worth $55,743,000 after acquiring an additional 235,562 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in iShares Semiconductor ETF by 326.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 244,955 shares of the exchange traded fund’s stock valued at $55,340,000 after purchasing an additional 187,457 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. boosted its holdings in iShares Semiconductor ETF by 1,406.0% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 134,999 shares of the exchange traded fund’s stock valued at $63,942,000 after purchasing an additional 126,035 shares during the period.

iShares Semiconductor ETF Company Profile

iShares PHLX Semiconductor ETF, formerly iShares PHLX SOX Semiconductor Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States-listed semiconductor stocks as represented by the PHLX Semiconductor Sector Index (the Index).