Short Interest in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Drops By 62.3%

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

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Hedge funds have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF during the 3rd quarter worth about $58,000. Farther Finance Advisors LLC boosted its position in shares of Invesco PHLX Semiconductor ETF by 14.6% in the third quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock worth $88,000 after acquiring an additional 275 shares during the last quarter. Silver Oak Securities Incorporated purchased a new stake in Invesco PHLX Semiconductor ETF in the fourth quarter valued at approximately $206,000. HighTower Advisors LLC acquired a new position in Invesco PHLX Semiconductor ETF during the third quarter worth approximately $221,000. Finally, Truist Financial Corp boosted its holdings in shares of Invesco PHLX Semiconductor ETF by 20.1% in the 2nd quarter. Truist Financial Corp now owns 12,087 shares of the company’s stock valued at $521,000 after purchasing an additional 2,019 shares during the last quarter.

Invesco PHLX Semiconductor ETF Stock Up 0.3 %

NASDAQ SOXQ traded up $0.10 on Wednesday, hitting $38.72. 366,679 shares of the stock were exchanged, compared to its average volume of 409,971. Invesco PHLX Semiconductor ETF has a fifty-two week low of $33.25 and a fifty-two week high of $46.82. The company has a 50-day moving average price of $40.04 and a 200-day moving average price of $40.01. The company has a market cap of $453.80 million, a PE ratio of 29.37 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.0689 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.