Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Short Interest Down 34.1% in November

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 154,300 shares, a drop of 34.1% from the November 15th total of 234,100 shares. Based on an average daily trading volume, of 399,200 shares, the short-interest ratio is currently 0.4 days.

Invesco PHLX Semiconductor ETF Price Performance

Shares of NASDAQ SOXQ traded up $1.35 during mid-day trading on Friday, hitting $40.61. 407,545 shares of the company’s stock traded hands, compared to its average volume of 343,167. The company’s 50-day moving average is $40.11 and its two-hundred day moving average is $40.68. Invesco PHLX Semiconductor ETF has a 1 year low of $30.50 and a 1 year high of $46.82. The company has a market capitalization of $506.81 million, a P/E ratio of 29.37 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.068 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.27 annualized dividend and a dividend yield of 0.67%. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06.

Institutional Trading of Invesco PHLX Semiconductor ETF

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

Invesco PHLX Semiconductor ETF Company Profile

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.