Short Interest in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Decreases By 53.9%

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 208,082 shares, a drop of 53.9% from the April 30th total of 451,015 shares. Based on an average daily volume of 2,027,961 shares, the short-interest ratio is presently 0.1 days. Currently, 1.1% of the company’s stock are short sold.

Institutional Trading of Invesco PHLX Semiconductor ETF

A number of institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers boosted its holdings in shares of Invesco PHLX Semiconductor ETF by 2.8% during the 4th quarter. Cetera Investment Advisers now owns 6,678 shares of the company’s stock valued at $372,000 after acquiring an additional 182 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Invesco PHLX Semiconductor ETF by 0.8% during the 4th quarter. Global Retirement Partners LLC now owns 23,318 shares of the company’s stock valued at $1,300,000 after acquiring an additional 189 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Invesco PHLX Semiconductor ETF by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 81,118 shares of the company’s stock valued at $4,066,000 after acquiring an additional 235 shares during the last quarter. Almanack Investment Partners LLC. boosted its stake in shares of Invesco PHLX Semiconductor ETF by 2.2% in the 4th quarter. Almanack Investment Partners LLC. now owns 15,437 shares of the company’s stock worth $861,000 after buying an additional 333 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of Invesco PHLX Semiconductor ETF by 1.5% in the 4th quarter. Corient Private Wealth LLC now owns 26,706 shares of the company’s stock worth $1,489,000 after buying an additional 385 shares during the last quarter.

Invesco PHLX Semiconductor ETF Trading Up 0.0%

SOXQ traded up $0.03 during trading on Friday, hitting $101.03. 1,478,652 shares of the company’s stock traded hands, compared to its average volume of 1,321,944. The company’s 50 day simple moving average is $78.50 and its two-hundred day simple moving average is $66.09. Invesco PHLX Semiconductor ETF has a 12-month low of $36.82 and a 12-month high of $103.38. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 34.20 and a beta of 1.74.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.0706 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.28 annualized dividend and a yield of 0.3%. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06.

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.