Short Interest in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Increases By 386.5%

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 1,012,256 shares, an increase of 386.5% from the May 14th total of 208,082 shares. Based on an average daily volume of 2,136,032 shares, the short-interest ratio is presently 0.5 days. Approximately 5.3% of the company’s shares are sold short.

Invesco PHLX Semiconductor ETF Price Performance

Shares of Invesco PHLX Semiconductor ETF stock opened at $96.08 on Thursday. Invesco PHLX Semiconductor ETF has a one year low of $40.21 and a one year high of $110.54. The stock’s 50-day moving average is $85.13 and its 200 day moving average is $68.90. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 34.20 and a beta of 1.78.

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.0706 per share. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.28 dividend on an annualized basis and a yield of 0.3%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in Invesco PHLX Semiconductor ETF by 3.6% during the 4th quarter. LPL Financial LLC now owns 305,196 shares of the company’s stock worth $17,021,000 after buying an additional 10,471 shares during the period. Ameriprise Financial Inc. raised its stake in Invesco PHLX Semiconductor ETF by 215.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock worth $10,698,000 after buying an additional 167,554 shares during the period. Condor Capital Management raised its stake in Invesco PHLX Semiconductor ETF by 58.0% during the 4th quarter. Condor Capital Management now owns 192,807 shares of the company’s stock worth $10,753,000 after buying an additional 70,746 shares during the period. Bank of America Corp DE raised its stake in Invesco PHLX Semiconductor ETF by 9.5% during the 2nd quarter. Bank of America Corp DE now owns 173,182 shares of the company’s stock worth $7,561,000 after buying an additional 15,066 shares during the period. Finally, NorthRock Partners LLC acquired a new position in Invesco PHLX Semiconductor ETF during the 3rd quarter worth approximately $6,596,000.

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.