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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 122,100 shares, a decrease of 22.7% from the August 31st total of 157,900 shares. Based on an average daily volume of 492,200 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Large investors have recently bought and sold shares of the stock. Banco BTG Pactual S.A. raised its stake in Invesco PHLX Semiconductor ETF by 57.0% during the 4th quarter. Banco BTG Pactual S.A. now owns 29,745 shares of the company’s stock valued at $987,000 after purchasing an additional 10,800 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Invesco PHLX Semiconductor ETF in the 1st quarter valued at $251,000. Future Financial Wealth Managment LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the 1st quarter valued at $54,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Invesco PHLX Semiconductor ETF by 32.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 109,192 shares of the company’s stock valued at $3,588,000 after buying an additional 27,006 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the 1st quarter valued at $7,190,000.

Invesco PHLX Semiconductor ETF Price Performance

NASDAQ:SOXQ opened at $41.08 on Friday. The stock has a market cap of $486.39 million, a P/E ratio of 29.37 and a beta of 1.56. Invesco PHLX Semiconductor ETF has a one year low of $24.82 and a one year high of $46.82. The company has a fifty day moving average price of $39.21 and a 200 day moving average price of $39.84.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.068 per share. This is a boost from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Monday, September 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.