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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 581,500 shares, an increase of 350.4% from the February 28th total of 129,100 shares. Based on an average daily volume of 433,800 shares, the short-interest ratio is currently 1.3 days. Approximately 4.9% of the shares of the company are sold short.

Invesco PHLX Semiconductor ETF Stock Down 0.5 %

SOXQ opened at $34.60 on Friday. Invesco PHLX Semiconductor ETF has a twelve month low of $33.70 and a twelve month high of $46.82. The company’s 50-day moving average price is $38.56 and its two-hundred day moving average price is $39.50. The stock has a market cap of $408.95 million, a price-to-earnings ratio of 30.96 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.0693 per share. This is a positive change from Invesco PHLX Semiconductor ETF’s previous dividend of $0.07. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Trading of Invesco PHLX Semiconductor ETF

Hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. increased its holdings in Invesco PHLX Semiconductor ETF by 221.6% in the 4th quarter. Harbour Investments Inc. now owns 968 shares of the company’s stock worth $38,000 after acquiring an additional 667 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in Invesco PHLX Semiconductor ETF by 1,262.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,799 shares of the company’s stock valued at $71,000 after buying an additional 1,667 shares in the last quarter. FWL Investment Management LLC boosted its holdings in shares of Invesco PHLX Semiconductor ETF by 51,760.0% in the fourth quarter. FWL Investment Management LLC now owns 2,593 shares of the company’s stock worth $102,000 after acquiring an additional 2,588 shares during the period. Silver Oak Securities Incorporated purchased a new stake in Invesco PHLX Semiconductor ETF during the 4th quarter worth about $206,000. Finally, Sigma Planning Corp purchased a new position in Invesco PHLX Semiconductor ETF during the 4th quarter valued at about $208,000.

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.