Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Short Interest Down 62.3% in December

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 109,200 shares, a decrease of 62.3% from the December 15th total of 290,000 shares. Based on an average trading volume of 395,200 shares, the days-to-cover ratio is presently 0.3 days.

Invesco PHLX Semiconductor ETF Trading Up 0.7 %

NASDAQ SOXQ traded up $0.27 during trading on Tuesday, hitting $39.76. 253,121 shares of the company’s stock were exchanged, compared to its average volume of 396,900. The company has a market cap of $476.32 million, a PE ratio of 29.37 and a beta of 1.56. Invesco PHLX Semiconductor ETF has a fifty-two week low of $31.55 and a fifty-two week high of $46.82. The stock’s 50 day moving average price is $39.80 and its two-hundred day moving average price is $40.29.

Invesco PHLX Semiconductor ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.0689 per share. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Several large investors have recently bought and sold shares of SOXQ. JPMorgan Chase & Co. lifted its holdings in shares of Invesco PHLX Semiconductor ETF by 10.7% during the third quarter. JPMorgan Chase & Co. now owns 80,893 shares of the company’s stock worth $3,295,000 after purchasing an additional 7,797 shares during the period. HighTower Advisors LLC bought a new position in Invesco PHLX Semiconductor ETF during the 3rd quarter worth $221,000. Flow Traders U.S. LLC acquired a new position in Invesco PHLX Semiconductor ETF during the 3rd quarter worth about $893,000. Kovack Advisors Inc. grew its position in shares of Invesco PHLX Semiconductor ETF by 50.2% in the 3rd quarter. Kovack Advisors Inc. now owns 25,000 shares of the company’s stock valued at $1,018,000 after buying an additional 8,350 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of 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 valued at $1,263,000 after buying an additional 11,400 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.