Short Interest in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Decreases By 53.9%

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 208,082 shares, a decrease of 53.9% from the April 30th total of 451,015 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,027,961 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Invesco PHLX Semiconductor ETF

Several institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC purchased a new stake in Invesco PHLX Semiconductor ETF during the 1st quarter valued at about $44,000. Royal Bank of Canada grew its position in 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 valued at $2,215,000 after purchasing an additional 35,813 shares during the last quarter. Cetera Investment Advisers grew its position in Invesco PHLX Semiconductor ETF by 78.8% during the 1st quarter. Cetera Investment Advisers now owns 11,940 shares of the company’s stock valued at $713,000 after purchasing an additional 5,262 shares during the last quarter. Pacific Sun Financial Corp grew its position in Invesco PHLX Semiconductor ETF by 4.8% during the 1st quarter. Pacific Sun Financial Corp now owns 11,472 shares of the company’s stock valued at $685,000 after purchasing an additional 530 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in Invesco PHLX Semiconductor ETF during the 1st quarter valued at about $39,000.

Invesco PHLX Semiconductor ETF Stock Performance

Shares of Invesco PHLX Semiconductor ETF stock traded up $0.03 during midday trading on Friday, hitting $101.03. The company had a trading volume of 1,478,652 shares, compared to its average volume of 1,321,944. The stock has a market capitalization of $1.95 billion, a P/E ratio of 34.20 and a beta of 1.74. The company has a 50 day moving average of $78.50 and a 200 day moving average of $66.09. Invesco PHLX Semiconductor ETF has a 52-week low of $36.82 and a 52-week high of $103.38.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.0706 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, March 23rd. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06.

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.