Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Short Interest Update

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 154,300 shares, a decline of 34.1% from the November 15th total of 234,100 shares. Based on an average daily trading volume, of 399,200 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

A number of hedge funds have recently made changes to their positions in the company. Global X Japan Co. Ltd. increased its stake in Invesco PHLX Semiconductor ETF by 224.9% in the 2nd quarter. Global X Japan Co. Ltd. now owns 326,780 shares of the company’s stock worth $14,081,000 after acquiring an additional 226,210 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Invesco PHLX Semiconductor ETF by 32.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,400 shares of the company’s stock valued at $3,508,000 after purchasing an additional 20,700 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Invesco PHLX Semiconductor ETF by 58.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 31,000 shares of the company’s stock worth $1,263,000 after purchasing an additional 11,400 shares during the last quarter. Kovack Advisors Inc. raised its stake in Invesco PHLX Semiconductor ETF by 50.2% during the third quarter. Kovack Advisors Inc. now owns 25,000 shares of the company’s stock valued at $1,018,000 after purchasing an additional 8,350 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in Invesco PHLX Semiconductor ETF during the third quarter valued at $893,000.

Invesco PHLX Semiconductor ETF Trading Up 3.4 %

SOXQ traded up $1.35 during trading on Friday, hitting $40.61. 407,545 shares of the company traded hands, compared to its average volume of 343,167. The company has a market cap of $506.81 million, a PE ratio of 29.37 and a beta of 1.56. The stock’s 50-day simple moving average is $40.11 and its two-hundred day simple moving average is $40.68. Invesco PHLX Semiconductor ETF has a 1 year low of $30.50 and a 1 year high of $46.82.

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.068 per share. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, September 23rd. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.67%.

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.