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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 157,900 shares, a decrease of 43.5% from the August 15th total of 279,400 shares. Based on an average trading volume of 487,800 shares, the short-interest ratio is currently 0.3 days.

Invesco PHLX Semiconductor ETF Stock Up 1.7 %

SOXQ traded up $0.66 during trading on Friday, reaching $39.30. 327,712 shares of the company were exchanged, compared to its average volume of 327,047. Invesco PHLX Semiconductor ETF has a 12-month low of $24.82 and a 12-month high of $46.82. The company’s 50-day moving average is $40.17 and its two-hundred day moving average is $39.75. The company has a market cap of $465.31 million, a price-to-earnings ratio of 29.37 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a dividend of $0.0609 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.24 annualized dividend and a yield of 0.62%.

Institutional Trading of Invesco PHLX Semiconductor ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. WASHINGTON TRUST Co bought a new position in shares of Invesco PHLX Semiconductor ETF in the second quarter worth $28,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF in the 1st quarter valued at about $54,000. Beacon Capital Management LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF in the 2nd quarter valued at about $55,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Invesco PHLX Semiconductor ETF during the 1st quarter valued at about $251,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Invesco PHLX Semiconductor ETF during the first quarter worth about $297,000.

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.