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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 138,700 shares, an increase of 72.3% from the March 31st total of 80,500 shares. Based on an average daily trading volume, of 249,200 shares, the short-interest ratio is currently 0.6 days.

Invesco PHLX Semiconductor ETF Price Performance

Shares of Invesco PHLX Semiconductor ETF stock opened at $37.30 on Friday. The stock has a market cap of $361.06 million, a price-to-earnings ratio of 29.87 and a beta of 1.56. The firm’s 50-day moving average is $37.51 and its 200 day moving average is $33.10. Invesco PHLX Semiconductor ETF has a 1 year low of $22.61 and a 1 year high of $41.12.

Invesco PHLX Semiconductor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were paid a $0.0687 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Monday, March 18th.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

A number of hedge funds have recently bought and sold shares of SOXQ. InTrack Investment Management Inc lifted its stake in Invesco PHLX Semiconductor ETF by 10.8% during the 3rd quarter. InTrack Investment Management Inc now owns 18,258 shares of the company’s stock valued at $494,000 after acquiring an additional 1,782 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Invesco PHLX Semiconductor ETF by 70.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 82,186 shares of the company’s stock valued at $2,223,000 after acquiring an additional 33,891 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Invesco PHLX Semiconductor ETF by 248.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,000 shares of the company’s stock valued at $4,680,000 after acquiring an additional 123,300 shares during the period. L.M. Kohn & Company lifted its stake in Invesco PHLX Semiconductor ETF by 23.1% during the 3rd quarter. L.M. Kohn & Company now owns 10,675 shares of the company’s stock valued at $289,000 after acquiring an additional 2,000 shares during the period. Finally, Jump Financial LLC lifted its stake in Invesco PHLX Semiconductor ETF by 27.1% during the 3rd quarter. Jump Financial LLC now owns 57,125 shares of the company’s stock valued at $1,545,000 after acquiring an additional 12,180 shares during the period.

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.