Short Interest in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Decreases By 54.1%

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 267,000 shares, a decline of 54.1% from the March 15th total of 581,500 shares. Based on an average daily trading volume, of 516,900 shares, the short-interest ratio is presently 0.5 days. Approximately 2.3% of the company’s shares are sold short.

Invesco PHLX Semiconductor ETF Stock Down 0.6 %

Shares of SOXQ stock traded down $0.19 during mid-day trading on Friday, reaching $30.17. The company’s stock had a trading volume of 350,005 shares, compared to its average volume of 425,680. The company’s 50 day simple moving average is $35.47 and its 200-day simple moving average is $38.56. Invesco PHLX Semiconductor ETF has a 12-month low of $26.71 and a 12-month high of $46.82. The firm has a market capitalization of $337.30 million, a PE ratio of 30.96 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.0693 dividend. The ex-dividend date was Monday, March 24th. This is a positive change from Invesco PHLX Semiconductor ETF’s previous dividend of $0.07.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SOXQ. Raymond James Financial Inc. purchased a new stake in Invesco PHLX Semiconductor ETF during the 4th quarter worth $1,176,000. HighTower Advisors LLC bought a new stake in Invesco PHLX Semiconductor ETF during the third quarter valued at $221,000. Commonwealth Equity Services LLC grew its position in shares of Invesco PHLX Semiconductor ETF by 181.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 14,459 shares of the company’s stock valued at $567,000 after buying an additional 9,314 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Invesco PHLX Semiconductor ETF by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 80,893 shares of the company’s stock worth $3,295,000 after acquiring an additional 7,797 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in Invesco PHLX Semiconductor ETF by 3.8% in the fourth quarter. Corient Private Wealth LLC now owns 20,114 shares of the company’s stock valued at $789,000 after acquiring an additional 734 shares during the period.

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.