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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 272,200 shares, an increase of 142.8% from the January 31st total of 112,100 shares. Based on an average daily volume of 377,600 shares, the days-to-cover ratio is presently 0.7 days.

Invesco PHLX Semiconductor ETF Stock Up 1.7 %

NASDAQ:SOXQ traded up $0.64 during mid-day trading on Friday, hitting $37.56. 575,110 shares of the company traded hands, compared to its average volume of 412,241. The stock’s fifty day moving average price is $40.21 and its 200-day moving average price is $40.00. Invesco PHLX Semiconductor ETF has a one year low of $33.70 and a one year high of $46.82. The firm has a market cap of $443.96 million, a price-to-earnings ratio of 33.73 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. Investors of record on Monday, December 23rd were paid a dividend of $0.0689 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Several institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC bought a new stake in Invesco PHLX Semiconductor ETF during the 3rd quarter valued at about $221,000. JPMorgan Chase & Co. boosted its position in Invesco PHLX Semiconductor ETF by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 80,893 shares of the company’s stock valued at $3,295,000 after buying an additional 7,797 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Invesco PHLX Semiconductor ETF by 14.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock valued at $88,000 after buying an additional 275 shares during the period. Sigma Planning Corp acquired a new stake in Invesco PHLX Semiconductor ETF during the fourth quarter valued at $208,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its position 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 in the last quarter.

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.