Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Short Interest Down 25.1% in May

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 263,400 shares, a decrease of 25.1% from the May 15th total of 351,800 shares. Based on an average daily volume of 534,500 shares, the short-interest ratio is currently 0.5 days. Approximately 2.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Several large investors have recently bought and sold shares of SOXQ. Truist Financial Corp boosted its holdings in Invesco PHLX Semiconductor ETF by 20.2% during the fourth quarter. Truist Financial Corp now owns 12,484 shares of the company’s stock worth $490,000 after purchasing an additional 2,097 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Invesco PHLX Semiconductor ETF during the fourth quarter worth about $584,000. Pacific Sun Financial Corp bought a new position in Invesco PHLX Semiconductor ETF during the fourth quarter worth about $285,000. Sigma Planning Corp bought a new position in Invesco PHLX Semiconductor ETF during the fourth quarter worth about $208,000. Finally, Marshall Investment Management LLC acquired a new stake in Invesco PHLX Semiconductor ETF during the fourth quarter worth about $5,177,000.

Invesco PHLX Semiconductor ETF Price Performance

SOXQ opened at $41.40 on Thursday. Invesco PHLX Semiconductor ETF has a fifty-two week low of $26.71 and a fifty-two week high of $46.82. The company has a market cap of $474.44 million, a price-to-earnings ratio of 28.44 and a beta of 1.56. The firm has a 50 day simple moving average of $36.22 and a 200 day simple moving average of $37.56.

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently announced 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 an increase from Invesco PHLX Semiconductor ETF’s previous dividend of $0.07.

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.