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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 316,474 shares, a decline of 42.8% from the March 31st total of 553,066 shares. Based on an average daily volume of 758,054 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.7% of the shares of the company are sold short.

Invesco PHLX Semiconductor ETF Stock Performance

SOXQ opened at $82.73 on Monday. The business has a 50 day moving average price of $65.22 and a 200 day moving average price of $60.15. Invesco PHLX Semiconductor ETF has a twelve month low of $32.05 and a twelve month high of $83.14. The firm has a market cap of $1.58 billion, a P/E ratio of 34.20 and a beta of 1.57.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.0706 dividend. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, March 23rd. This represents a $0.28 annualized dividend and a yield of 0.3%.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SOXQ. Jane Street Group LLC lifted its holdings in 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 worth $1,295,000 after purchasing an additional 13,624 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Invesco PHLX Semiconductor ETF by 5.1% in the 2nd quarter. Cetera Investment Advisers now owns 6,344 shares of the company’s stock worth $277,000 after purchasing an additional 305 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco PHLX Semiconductor ETF by 112.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock worth $42,000 after purchasing an additional 505 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in Invesco PHLX Semiconductor ETF in the 2nd quarter worth approximately $345,000. Finally, Ameriprise Financial Inc. lifted its holdings in Invesco PHLX Semiconductor ETF by 215.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock worth $10,698,000 after purchasing an additional 167,554 shares during 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.