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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 765,742 shares, a drop of 58.2% from the July 30th total of 1,831,469 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily volume of 1,791,481 shares, the short-interest ratio is presently 0.4 days.

Invesco PHLX Semiconductor ETF Stock Performance

Shares of SOXQ opened at $93.56 on Friday. The stock has a 50-day simple moving average of $97.33 and a 200-day simple moving average of $84.63. The stock has a market capitalization of $2.66 billion, a PE ratio of 34.20 and a beta of 1.79. Invesco PHLX Semiconductor ETF has a 1 year low of $43.35 and a 1 year high of $115.34.

Invesco PHLX Semiconductor ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.0773 per share. This represents a $0.31 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, June 22nd.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Large investors have recently modified their holdings of the company. Jane Street Group LLC raised its holdings in shares of Invesco PHLX Semiconductor ETF by 54.8% in the 1st quarter. Jane Street Group LLC now owns 38,491 shares of the company’s stock valued at $1,295,000 after purchasing an additional 13,624 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Invesco PHLX Semiconductor ETF by 5.1% during the second quarter. Cetera Investment Advisers now owns 6,344 shares of the company’s stock worth $277,000 after purchasing an additional 305 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco PHLX Semiconductor ETF by 112.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock valued at $42,000 after buying an additional 505 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in Invesco PHLX Semiconductor ETF in the second quarter valued at $345,000. Finally, Ameriprise Financial Inc. raised its stake in Invesco PHLX Semiconductor ETF by 215.6% in the second quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock valued at $10,698,000 after buying an additional 167,554 shares in the last quarter.

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.