Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Stock Short Interest Jumps 60.9%

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 1,057,253 shares, a growth of 60.9% from the August 31st total of 657,087 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average trading volume of 1,498,816 shares, the short-interest ratio is currently 0.7 days.

Invesco PHLX Semiconductor ETF Stock Performance

Shares of SOXQ stock opened at $100.97 on Friday. Invesco PHLX Semiconductor ETF has a 1 year low of $48.51 and a 1 year high of $115.34. The firm has a market capitalization of $3.31 billion, a PE ratio of 34.20 and a beta of 1.79. The stock has a fifty day moving average of $93.42 and a two-hundred day moving average of $90.01.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a dividend of $0.0845 per share. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.0773. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 21st.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its position in Invesco PHLX Semiconductor ETF by 226.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 24,012 shares of the company’s stock valued at $2,692,000 after buying an additional 16,654 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF during the 2nd quarter worth about $625,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF in the 2nd quarter worth approximately $512,000. NewEdge Advisors LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF in the 2nd quarter worth approximately $3,001,000. Finally, Cypress Capital Management LLC WY acquired a new stake in shares of Invesco PHLX Semiconductor ETF in the 2nd quarter worth approximately $93,000.

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.