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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 272,200 shares, an increase of 142.8% from the January 31st total of 112,100 shares. Based on an average daily trading volume, of 377,600 shares, the short-interest ratio is presently 0.7 days.

Invesco PHLX Semiconductor ETF Stock Up 1.7 %

Invesco PHLX Semiconductor ETF stock traded up $0.64 during mid-day trading on Friday, reaching $37.56. 575,110 shares of the company’s stock traded hands, compared to its average volume of 412,241. Invesco PHLX Semiconductor ETF has a 12-month low of $33.70 and a 12-month high of $46.82. The stock has a 50 day moving average of $40.21 and a two-hundred day moving average of $40.00. The company has a market cap of $443.96 million, a price-to-earnings ratio of 33.73 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SOXQ. LPL Financial LLC boosted its stake in Invesco PHLX Semiconductor ETF by 9.1% in the 4th quarter. LPL Financial LLC now owns 412,352 shares of the company’s stock worth $16,172,000 after purchasing an additional 34,376 shares in the last quarter. Eagle Global Advisors LLC increased its holdings in shares of Invesco PHLX Semiconductor ETF by 0.3% during the 4th quarter. Eagle Global Advisors LLC now owns 338,832 shares of the company’s stock valued at $13,289,000 after purchasing an additional 1,125 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF during the 4th quarter valued at about $6,320,000. Marshall Investment Management LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF in the fourth quarter valued at approximately $5,177,000. Finally, JPMorgan Chase & Co. raised its position in Invesco PHLX Semiconductor ETF by 10.7% during 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 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.