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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQGet Free Report) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 765,742 shares, a decrease of 58.2% from the July 30th total of 1,831,469 shares. Based on an average trading volume of 1,791,481 shares, the days-to-cover ratio is currently 0.4 days. Approximately 2.7% of the company’s stock are sold short.

Institutional Trading of Invesco PHLX Semiconductor ETF

Several institutional investors have recently modified their holdings of SOXQ. Ameriprise Financial Inc. boosted its holdings in shares of Invesco PHLX Semiconductor ETF by 215.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock valued at $10,698,000 after buying an additional 167,554 shares in the last quarter. Nwam LLC acquired a new stake in Invesco PHLX Semiconductor ETF during the 2nd quarter worth $10,225,000. Condor Capital Management raised its stake in Invesco PHLX Semiconductor ETF by 58.0% during the 4th quarter. Condor Capital Management now owns 192,807 shares of the company’s stock worth $10,753,000 after acquiring an additional 70,746 shares in the last quarter. VestGen Advisors LLC raised its stake in Invesco PHLX Semiconductor ETF by 379.3% during the 4th quarter. VestGen Advisors LLC now owns 76,239 shares of the company’s stock worth $4,252,000 after acquiring an additional 60,334 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in Invesco PHLX Semiconductor ETF by 9,171.3% in the second quarter. TD Waterhouse Canada Inc. now owns 41,350 shares of the company’s stock valued at $4,635,000 after acquiring an additional 40,904 shares during the last quarter.

Invesco PHLX Semiconductor ETF Stock Performance

Shares of NASDAQ SOXQ opened at $93.56 on Friday. The stock’s 50-day simple moving average is $97.33 and its 200-day simple moving average is $84.63. The firm has a market capitalization of $2.66 billion, a PE ratio of 34.20 and a beta of 1.79. Invesco PHLX Semiconductor ETF has a fifty-two week low of $43.35 and a fifty-two week high of $115.34.

Invesco PHLX Semiconductor ETF Announces Dividend

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

About Invesco PHLX Semiconductor ETF

(Get Free Report)

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.

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