Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Short Interest Update

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 157,900 shares, a decline of 43.5% from the August 15th total of 279,400 shares. Based on an average trading volume of 487,800 shares, the short-interest ratio is presently 0.3 days.

Invesco PHLX Semiconductor ETF Price Performance

SOXQ stock traded up $0.66 during mid-day trading on Friday, hitting $39.30. 327,712 shares of the stock were exchanged, compared to its average volume of 327,047. The business has a fifty day moving average price of $40.17 and a 200 day moving average price of $39.75. Invesco PHLX Semiconductor ETF has a 12 month low of $24.82 and a 12 month high of $46.82. The stock has a market capitalization of $465.31 million, a price-to-earnings ratio of 29.37 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a $0.0609 dividend. The ex-dividend date was Monday, June 24th. This represents a $0.24 dividend on an annualized basis and a yield of 0.62%.

Institutional Trading of Invesco PHLX Semiconductor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SOXQ. Truist Financial Corp lifted its holdings in shares of Invesco PHLX Semiconductor ETF by 20.1% in the 2nd quarter. Truist Financial Corp now owns 12,087 shares of the company’s stock worth $521,000 after acquiring an additional 2,019 shares during the last quarter. Global X Japan Co. Ltd. lifted its stake in Invesco PHLX Semiconductor ETF by 224.9% in the second quarter. Global X Japan Co. Ltd. now owns 326,780 shares of the company’s stock worth $14,081,000 after purchasing an additional 226,210 shares during the last quarter. PFG Investments LLC purchased a new stake in Invesco PHLX Semiconductor ETF during the second quarter valued at about $477,000. Beacon Capital Management LLC bought a new position in shares of Invesco PHLX Semiconductor ETF during the second quarter valued at about $55,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Invesco PHLX Semiconductor ETF in the second quarter worth about $845,000.

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.