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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,751,018 shares, a growth of 73.0% from the May 31st total of 1,012,256 shares. Based on an average daily volume of 3,997,985 shares, the days-to-cover ratio is currently 0.4 days. Approximately 9.1% of the company’s shares are short sold.

Invesco PHLX Semiconductor ETF Stock Performance

Invesco PHLX Semiconductor ETF stock traded down $6.59 during trading on Thursday, hitting $98.52. The company’s stock had a trading volume of 3,477,302 shares, compared to its average volume of 1,756,895. The stock’s fifty day moving average is $97.25 and its 200 day moving average is $74.43. Invesco PHLX Semiconductor ETF has a 1-year low of $42.67 and a 1-year high of $115.34. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 34.20 and a beta of 1.76.

Invesco PHLX Semiconductor ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.0773 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.3%.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Hedge funds have recently modified their holdings of the stock. Global Assets Advisory LLC purchased a new position in Invesco PHLX Semiconductor ETF during the first quarter worth approximately $39,000. Qube Research & Technologies Ltd acquired a new stake in Invesco PHLX Semiconductor ETF during the 3rd quarter worth approximately $35,000. Western Wealth Management LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF in the first quarter worth $44,000. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco PHLX Semiconductor ETF by 112.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 954 shares of the company’s stock valued at $42,000 after purchasing an additional 505 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Invesco PHLX Semiconductor ETF by 118.7% during the fourth quarter. Royal Bank of Canada now owns 1,286 shares of the company’s stock valued at $72,000 after purchasing an additional 698 shares during the period.

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.