Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Large Growth in Short Interest

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 351,800 shares, a growth of 31.5% from the April 30th total of 267,500 shares. Based on an average daily trading volume, of 556,500 shares, the days-to-cover ratio is presently 0.6 days. Approximately 3.1% of the shares of the stock are sold short.

Institutional Trading of Invesco PHLX Semiconductor ETF

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

Invesco PHLX Semiconductor ETF Stock Performance

Shares of NASDAQ:SOXQ opened at $38.07 on Tuesday. The firm has a market cap of $451.51 million, a price-to-earnings ratio of 28.44 and a beta of 1.53. The firm has a fifty day moving average price of $34.09 and a 200 day moving average price of $37.39. Invesco PHLX Semiconductor ETF has a fifty-two week low of $26.71 and a fifty-two week high of $46.82.

Invesco PHLX Semiconductor ETF Increases Dividend

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

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.