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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 109,200 shares, a decrease of 62.3% from the December 31st 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 Trading Up 0.3 %

Invesco PHLX Semiconductor ETF stock traded up $0.10 during midday trading on Wednesday, reaching $38.72. 366,679 shares of the stock traded hands, compared to its average volume of 409,971. The firm has a market cap of $453.80 million, a price-to-earnings ratio of 29.37 and a beta of 1.56. The firm has a fifty day moving average price of $40.04 and a two-hundred day moving average price of $40.01. Invesco PHLX Semiconductor ETF has a fifty-two week low of $33.25 and a fifty-two week high of $46.82.

Invesco PHLX Semiconductor ETF Cuts Dividend

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

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Several hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Invesco PHLX Semiconductor ETF in the 4th quarter valued at approximately $6,320,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Invesco PHLX Semiconductor ETF by 32.0% during 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 purchasing an additional 20,700 shares during the last quarter. JPMorgan Chase & Co. increased its position in Invesco PHLX Semiconductor ETF by 10.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 80,893 shares of the company’s stock worth $3,295,000 after purchasing an additional 7,797 shares during the last quarter. Global X Japan Co. Ltd. lifted its holdings in shares of Invesco PHLX Semiconductor ETF by 91.8% during the 4th quarter. Global X Japan Co. Ltd. now owns 63,097 shares of the company’s stock valued at $2,475,000 after buying an additional 30,197 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in 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 valued at $1,263,000 after buying 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.