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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the target of a significant decrease in short interest in 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. Approximately 2.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,791,481 shares, the days-to-cover ratio is currently 0.4 days.

Invesco PHLX Semiconductor ETF Price Performance

Shares of SOXQ stock traded down $3.28 during trading hours on Friday, reaching $90.28. 1,373,376 shares of the company traded hands, compared to its average volume of 1,819,443. Invesco PHLX Semiconductor ETF has a 12-month low of $43.35 and a 12-month high of $115.34. The company has a market cap of $2.56 billion, a P/E ratio of 34.20 and a beta of 1.79. The firm has a 50-day moving average price of $96.88 and a 200 day moving average price of $84.67.

Invesco PHLX Semiconductor ETF Announces Dividend

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

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

A number of hedge funds have recently modified their holdings of the company. Condor Capital Management lifted its position in shares of Invesco PHLX Semiconductor ETF by 58.0% in the fourth quarter. Condor Capital Management now owns 192,807 shares of the company’s stock valued at $10,753,000 after acquiring an additional 70,746 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Invesco PHLX Semiconductor ETF by 78.8% during the first quarter. Cetera Investment Advisers now owns 11,940 shares of the company’s stock worth $713,000 after purchasing an additional 5,262 shares in the last quarter. Royal Bank of Canada raised its stake 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 period. Meridian Wealth Management LLC bought a new stake in Invesco PHLX Semiconductor ETF during the 4th quarter valued at approximately $1,849,000. Finally, CoreCap Advisors LLC lifted its holdings in Invesco PHLX Semiconductor ETF by 740.6% in the 2nd quarter. CoreCap Advisors LLC now owns 1,387 shares of the company’s stock worth $155,000 after purchasing an additional 1,222 shares in the last quarter.

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.