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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 138,700 shares, an increase of 72.3% from the March 31st total of 80,500 shares. Based on an average trading volume of 249,200 shares, the short-interest ratio is presently 0.6 days.

Invesco PHLX Semiconductor ETF Trading Up 2.6 %

Shares of NASDAQ:SOXQ traded up $0.94 during mid-day trading on Friday, reaching $37.30. The stock had a trading volume of 134,786 shares, compared to its average volume of 231,139. The company has a market cap of $361.06 million, a P/E ratio of 29.87 and a beta of 1.56. Invesco PHLX Semiconductor ETF has a 1 year low of $22.61 and a 1 year high of $41.12. The business’s 50 day moving average price is $37.51 and its 200 day moving average price is $33.14.

Invesco PHLX Semiconductor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a $0.0687 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.74%.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Hedge funds have recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new stake in Invesco PHLX Semiconductor ETF during the first quarter valued at approximately $54,000. Global Retirement Partners LLC raised its position in Invesco PHLX Semiconductor ETF by 51.1% during the fourth quarter. Global Retirement Partners LLC now owns 4,545 shares of the company’s stock valued at $147,000 after purchasing an additional 1,537 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in Invesco PHLX Semiconductor ETF during the fourth quarter valued at approximately $207,000. L.M. Kohn & Company raised its position in Invesco PHLX Semiconductor ETF by 23.1% during the third quarter. L.M. Kohn & Company now owns 10,675 shares of the company’s stock valued at $289,000 after purchasing an additional 2,000 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Invesco PHLX Semiconductor ETF during the fourth quarter valued at approximately $322,000.

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.