Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Significant Growth in Short Interest

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC bought a new position in Invesco PHLX Semiconductor ETF in the second quarter valued at approximately $625,000. Baird Financial Group Inc. bought a new position in shares of Invesco PHLX Semiconductor ETF in the 2nd quarter valued at $2,191,000. Pointe Capital Management LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF in the 2nd quarter valued at approximately $1,052,000. Royal Bank of Canada raised its holdings in Invesco PHLX Semiconductor ETF by 2,784.8% during the 1st quarter. Royal Bank of Canada now owns 37,099 shares of the company’s stock worth $2,215,000 after purchasing an additional 35,813 shares during the last quarter. Finally, Gill Capital Partners LLC bought a new position in Invesco PHLX Semiconductor ETF during the 2nd quarter worth approximately $857,000.

Invesco PHLX Semiconductor ETF Price Performance

SOXQ stock traded up $0.10 during midday trading on Wednesday, reaching $99.48. 411,588 shares of the company were exchanged, compared to its average volume of 1,751,621. The business has a 50-day moving average price of $93.31 and a two-hundred day moving average price of $89.44. Invesco PHLX Semiconductor ETF has a one year low of $48.51 and a one year high of $115.34. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 34.20 and a beta of 1.79.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a dividend of $0.0845 per share. 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. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.0773.

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.