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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a significant increase in short interest in 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.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its holdings in shares of Invesco PHLX Semiconductor ETF by 14.6% during the third quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock valued at $88,000 after acquiring an additional 275 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Invesco PHLX Semiconductor ETF during the 3rd quarter valued at approximately $58,000. Truist Financial Corp raised its holdings in shares of Invesco PHLX Semiconductor ETF by 20.1% in the second quarter. Truist Financial Corp now owns 12,087 shares of the company’s stock worth $521,000 after buying an additional 2,019 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF during the third quarter worth $221,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Invesco PHLX Semiconductor ETF by 10.7% during the third quarter. JPMorgan Chase & Co. now owns 80,893 shares of the company’s stock worth $3,295,000 after buying an additional 7,797 shares during the period.

Invesco PHLX Semiconductor ETF Trading Down 1.2 %

Shares of SOXQ stock traded down $0.48 during trading hours on Friday, reaching $40.23. 77,155 shares of the company’s stock were exchanged, compared to its average volume of 344,989. Invesco PHLX Semiconductor ETF has a fifty-two week low of $30.50 and a fifty-two week high of $46.82. The stock’s 50 day moving average is $39.89 and its 200-day moving average is $40.62. The company has a market cap of $502.07 million, a price-to-earnings ratio of 29.37 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 23rd will be given a dividend of $0.0689 per share. The ex-dividend date of this dividend is Monday, December 23rd.

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.