Short Interest in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Drops By 54.1%

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 267,000 shares, a decrease of 54.1% from the March 15th total of 581,500 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average trading volume of 516,900 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC grew its holdings in Invesco PHLX Semiconductor ETF by 9.1% in the 4th quarter. LPL Financial LLC now owns 412,352 shares of the company’s stock valued at $16,172,000 after buying an additional 34,376 shares in the last quarter. Eagle Global Advisors LLC boosted its holdings in Invesco PHLX Semiconductor ETF by 0.3% in the 4th quarter. Eagle Global Advisors LLC now owns 338,832 shares of the company’s stock valued at $13,289,000 after purchasing an additional 1,125 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF in the 4th quarter valued at approximately $6,320,000. Marshall Investment Management LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF during the 4th quarter valued at approximately $5,177,000. Finally, JPMorgan Chase & Co. lifted its holdings in Invesco PHLX Semiconductor ETF by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 80,893 shares of the company’s stock valued at $3,295,000 after acquiring an additional 7,797 shares during the last quarter.

Invesco PHLX Semiconductor ETF Stock Performance

Shares of NASDAQ:SOXQ traded down $1.13 during trading on Wednesday, reaching $30.54. The stock had a trading volume of 165,919 shares, compared to its average volume of 422,824. Invesco PHLX Semiconductor ETF has a 1-year low of $26.71 and a 1-year high of $46.82. The business has a fifty day moving average price of $35.85 and a 200-day moving average price of $38.69. The stock has a market cap of $353.65 million, a PE ratio of 30.96 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.0693 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Invesco PHLX Semiconductor ETF’s previous dividend of $0.07.

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.