Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Large Increase in Short Interest

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 290,000 shares, an increase of 87.9% from the November 30th total of 154,300 shares. Based on an average trading volume of 395,100 shares, the short-interest ratio is presently 0.7 days.

Invesco PHLX Semiconductor ETF Price Performance

Shares of SOXQ traded down $0.38 during mid-day trading on Friday, hitting $40.33. The company’s stock had a trading volume of 115,096 shares, compared to its average volume of 345,155. Invesco PHLX Semiconductor ETF has a fifty-two week low of $30.50 and a fifty-two week high of $46.82. The stock has a market capitalization of $503.32 million, a price-to-earnings ratio of 29.37 and a beta of 1.56. The firm has a 50-day moving average price of $39.87 and a 200 day moving average price of $40.60.

Invesco PHLX Semiconductor ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.0689 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Global X Japan Co. Ltd. grew its holdings in shares of Invesco PHLX Semiconductor ETF by 224.9% during the second quarter. Global X Japan Co. Ltd. now owns 326,780 shares of the company’s stock valued at $14,081,000 after buying an additional 226,210 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Invesco PHLX Semiconductor ETF during the 3rd quarter valued at about $893,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Invesco PHLX Semiconductor ETF by 32.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,400 shares of the company’s stock valued at $3,508,000 after purchasing an additional 20,700 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Invesco PHLX Semiconductor ETF by 58.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 31,000 shares of the company’s stock worth $1,263,000 after purchasing an additional 11,400 shares in the last quarter. Finally, PFG Investments LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF in the second quarter worth approximately $477,000.

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.