Short Interest in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Declines By 62.3%

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

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Several institutional investors and hedge funds have recently modified their holdings of SOXQ. Future Financial Wealth Managment LLC acquired a new position in Invesco PHLX Semiconductor ETF during the 3rd quarter worth $58,000. Farther Finance Advisors LLC boosted its position in shares of Invesco PHLX Semiconductor ETF by 14.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock worth $88,000 after acquiring an additional 275 shares in the last quarter. Silver Oak Securities Incorporated acquired a new position in shares of Invesco PHLX Semiconductor ETF during the 4th quarter worth about $206,000. HighTower Advisors LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF during the 3rd quarter worth about $221,000. Finally, Truist Financial Corp boosted its position 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 in the last quarter.

Invesco PHLX Semiconductor ETF Stock Up 0.4 %

NASDAQ:SOXQ traded up $0.15 on Tuesday, reaching $38.34. The company’s stock had a trading volume of 164,026 shares, compared to its average volume of 387,577. Invesco PHLX Semiconductor ETF has a 12-month low of $33.25 and a 12-month high of $46.82. The firm has a market cap of $456.25 million, a price-to-earnings ratio of 29.37 and a beta of 1.56. The stock has a 50 day moving average price of $40.05 and a 200 day moving average price of $40.10.

Invesco PHLX Semiconductor ETF Cuts Dividend

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

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.