Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Short Interest Update

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,751,018 shares, a growth of 73.0% from the May 31st total of 1,012,256 shares. Based on an average daily trading volume, of 3,997,985 shares, the short-interest ratio is presently 0.4 days. Currently, 9.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its holdings in shares of Invesco PHLX Semiconductor ETF by 54.8% during the first quarter. Jane Street Group LLC now owns 38,491 shares of the company’s stock worth $1,295,000 after purchasing an additional 13,624 shares during the period. Cetera Investment Advisers increased its stake in Invesco PHLX Semiconductor ETF by 5.1% in the 2nd quarter. Cetera Investment Advisers now owns 6,344 shares of the company’s stock valued at $277,000 after buying an additional 305 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Invesco PHLX Semiconductor ETF by 112.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock valued at $42,000 after buying an additional 505 shares during the period. Flow Traders U.S. LLC purchased a new position in Invesco PHLX Semiconductor ETF during the 2nd quarter worth $345,000. Finally, Ameriprise Financial Inc. raised its position 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 last quarter.

Invesco PHLX Semiconductor ETF Stock Down 5.5%

Shares of SOXQ stock opened at $99.29 on Friday. The stock has a market capitalization of $2.56 billion, a PE ratio of 34.20 and a beta of 1.76. Invesco PHLX Semiconductor ETF has a 52-week low of $42.67 and a 52-week high of $115.34. The stock’s 50-day moving average price is $97.72 and its 200 day moving average price is $74.74.

Invesco PHLX Semiconductor ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.0773 dividend. This represents a $0.31 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, June 22nd.

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.