Short Interest in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Declines By 54.1%

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 267,000 shares, a drop of 54.1% from the March 15th total of 581,500 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 516,900 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. FWL Investment Management LLC grew its stake in shares of Invesco PHLX Semiconductor ETF by 51,760.0% during the 4th quarter. FWL Investment Management LLC now owns 2,593 shares of the company’s stock worth $102,000 after purchasing an additional 2,588 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in Invesco PHLX Semiconductor ETF during the fourth quarter worth approximately $2,532,000. Eagle Global Advisors LLC increased its position in shares of Invesco PHLX Semiconductor ETF by 0.3% in the fourth quarter. Eagle Global Advisors LLC now owns 338,832 shares of the company’s stock valued at $13,289,000 after buying an additional 1,125 shares in the last quarter. Topsail Wealth Management LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF during the 4th quarter worth approximately $257,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Invesco PHLX Semiconductor ETF by 415.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 24,528 shares of the company’s stock valued at $962,000 after buying an additional 19,766 shares in the last quarter.

Invesco PHLX Semiconductor ETF Stock Down 3.6 %

Shares of Invesco PHLX Semiconductor ETF stock traded down $1.13 on Wednesday, reaching $30.54. The stock had a trading volume of 165,919 shares, compared to its average volume of 422,824. The company has a 50 day moving average price of $35.85 and a 200 day moving average price of $38.69. The stock has a market capitalization of $353.65 million, a P/E ratio of 30.96 and a beta of 1.56. Invesco PHLX Semiconductor ETF has a 1 year low of $26.71 and a 1 year high of $46.82.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.0693 dividend. This is an increase from Invesco PHLX Semiconductor ETF’s previous dividend of $0.07. The ex-dividend date of this dividend was Monday, March 24th.

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.