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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,057,253 shares, an increase of 60.9% from the August 31st total of 657,087 shares. Currently, 3.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,498,816 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Several large investors have recently added to or reduced their stakes in SOXQ. Meitav Investment House Ltd. increased its holdings in Invesco PHLX Semiconductor ETF by 2.5% in the first quarter. Meitav Investment House Ltd. now owns 95,370 shares of the company’s stock worth $5,694,000 after purchasing an additional 2,300 shares in the last quarter. Nwam LLC bought a new position in shares of Invesco PHLX Semiconductor ETF during the 2nd quarter worth approximately $10,225,000. Corient Private Wealth LP boosted its holdings in shares of Invesco PHLX Semiconductor ETF by 6.3% during the 2nd quarter. Corient Private Wealth LP now owns 50,796 shares of the company’s stock worth $5,694,000 after buying an additional 3,000 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Invesco PHLX Semiconductor ETF by 9,171.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 41,350 shares of the company’s stock worth $4,635,000 after buying an additional 40,904 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Invesco PHLX Semiconductor ETF by 2,784.8% during the 1st quarter. Royal Bank of Canada now owns 37,099 shares of the company’s stock worth $2,215,000 after buying an additional 35,813 shares during the period.

Invesco PHLX Semiconductor ETF Stock Up 0.1%

Invesco PHLX Semiconductor ETF stock traded up $0.10 during trading hours on Wednesday, reaching $99.48. 411,588 shares of the company’s stock were exchanged, compared to its average volume of 1,751,621. The firm’s 50 day simple moving average is $93.31 and its 200 day simple moving average is $89.44. Invesco PHLX Semiconductor ETF has a twelve month low of $48.51 and a twelve month high of $115.34. The firm has a market capitalization of $3.29 billion, a PE ratio of 34.20 and a beta of 1.79.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.0845 per share. This represents a $0.34 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 21st. This is a positive change from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.0773.

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.