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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 109,200 shares, a decline of 62.3% from the December 15th total of 290,000 shares. Based on an average daily volume of 395,200 shares, the days-to-cover ratio is presently 0.3 days.

Invesco PHLX Semiconductor ETF Stock Performance

Shares of Invesco PHLX Semiconductor ETF stock traded up $0.27 on Tuesday, reaching $39.76. 253,121 shares of the company’s stock were exchanged, compared to its average volume of 396,900. The company has a market capitalization of $476.32 million, a P/E ratio of 29.37 and a beta of 1.56. Invesco PHLX Semiconductor ETF has a 52 week low of $31.55 and a 52 week high of $46.82. The firm’s 50-day moving average is $39.80 and its two-hundred day moving average is $40.29.

Invesco PHLX Semiconductor ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.0689 per share. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Truist Financial Corp increased its holdings in shares of Invesco PHLX Semiconductor ETF by 20.1% during the second quarter. Truist Financial Corp now owns 12,087 shares of the company’s stock valued at $521,000 after acquiring an additional 2,019 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Invesco PHLX Semiconductor ETF during the 3rd quarter valued at $58,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Invesco PHLX Semiconductor ETF by 32.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,400 shares of the company’s stock valued at $3,508,000 after buying an additional 20,700 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Invesco PHLX Semiconductor ETF by 14.6% during the third quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock valued at $88,000 after buying an additional 275 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Invesco PHLX Semiconductor ETF by 58.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 31,000 shares of the company’s stock worth $1,263,000 after acquiring an additional 11,400 shares in the last quarter.

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.