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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 208,082 shares, a decline of 53.9% from the April 30th total of 451,015 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily trading volume, of 2,027,961 shares, the short-interest ratio is currently 0.1 days.

Invesco PHLX Semiconductor ETF Stock Down 0.9%

NASDAQ:SOXQ traded down $0.92 during trading hours on Monday, reaching $100.11. 691,520 shares of the stock were exchanged, compared to its average volume of 1,311,771. The business has a 50-day moving average of $78.50 and a two-hundred day moving average of $66.16. Invesco PHLX Semiconductor ETF has a twelve month low of $37.42 and a twelve month high of $103.38. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 34.20 and a beta of 1.74.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.0706 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.3%.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Several large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its position in Invesco PHLX Semiconductor ETF by 2.8% in the 4th quarter. Cetera Investment Advisers now owns 6,678 shares of the company’s stock valued at $372,000 after buying an additional 182 shares during the period. Global Retirement Partners LLC raised its stake in shares of Invesco PHLX Semiconductor ETF by 0.8% in the fourth quarter. Global Retirement Partners LLC now owns 23,318 shares of the company’s stock valued at $1,300,000 after acquiring an additional 189 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Invesco PHLX Semiconductor ETF by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 81,118 shares of the company’s stock valued at $4,066,000 after purchasing an additional 235 shares during the period. Almanack Investment Partners LLC. grew its stake in Invesco PHLX Semiconductor ETF by 2.2% during the 4th quarter. Almanack Investment Partners LLC. now owns 15,437 shares of the company’s stock worth $861,000 after purchasing an additional 333 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in Invesco PHLX Semiconductor ETF by 1.5% during the 4th quarter. Corient Private Wealth LLC now owns 26,706 shares of the company’s stock worth $1,489,000 after purchasing an additional 385 shares in the last quarter.

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.