Short Interest in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Grows By 350.4%

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 581,500 shares, a growth of 350.4% from the February 28th total of 129,100 shares. Based on an average trading volume of 433,800 shares, the short-interest ratio is presently 1.3 days. Currently, 4.9% of the company’s stock are sold short.

Invesco PHLX Semiconductor ETF Trading Down 0.5 %

Invesco PHLX Semiconductor ETF stock opened at $34.60 on Friday. Invesco PHLX Semiconductor ETF has a 1-year low of $33.70 and a 1-year high of $46.82. The company has a market cap of $408.95 million, a P/E ratio of 30.96 and a beta of 1.56. The company has a fifty day simple moving average of $38.56 and a 200 day simple moving average of $39.50.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be paid a $0.0693 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Invesco PHLX Semiconductor ETF’s previous dividend of $0.07.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Harbour Investments Inc. boosted its position in Invesco PHLX Semiconductor ETF by 221.6% in the fourth quarter. Harbour Investments Inc. now owns 968 shares of the company’s stock valued at $38,000 after buying an additional 667 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of Invesco PHLX Semiconductor ETF by 1,262.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,799 shares of the company’s stock valued at $71,000 after purchasing an additional 1,667 shares during the period. FWL Investment Management LLC lifted its stake in Invesco PHLX Semiconductor ETF by 51,760.0% in the fourth quarter. FWL Investment Management LLC now owns 2,593 shares of the company’s stock valued at $102,000 after buying an additional 2,588 shares during the period. Silver Oak Securities Incorporated bought a new position in Invesco PHLX Semiconductor ETF during the fourth quarter worth $206,000. Finally, Sigma Planning Corp bought a new position in shares of Invesco PHLX Semiconductor ETF during the 4th quarter worth about $208,000.

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.