Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Short Interest Up 48.1% in February

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 481,795 shares, a growth of 48.1% from the January 29th total of 325,251 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average daily trading volume, of 1,671,640 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 1,671,640 shares, the short-interest ratio is presently 0.3 days. Approximately 3.1% of the company’s shares are short sold.

Institutional Trading of Invesco PHLX Semiconductor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SOXQ. LPL Financial LLC grew its position in shares of Invesco PHLX Semiconductor ETF by 3.6% during the fourth quarter. LPL Financial LLC now owns 305,196 shares of the company’s stock worth $17,021,000 after buying an additional 10,471 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Invesco PHLX Semiconductor ETF by 215.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock worth $10,698,000 after acquiring an additional 167,554 shares in the last quarter. Condor Capital Management increased its position in shares of Invesco PHLX Semiconductor ETF by 58.0% in the 4th quarter. Condor Capital Management now owns 192,807 shares of the company’s stock worth $10,753,000 after purchasing an additional 70,746 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Invesco PHLX Semiconductor ETF by 9.5% in the 2nd quarter. Bank of America Corp DE now owns 173,182 shares of the company’s stock valued at $7,561,000 after purchasing an additional 15,066 shares in the last quarter. Finally, NorthRock Partners LLC bought a new position in shares of Invesco PHLX Semiconductor ETF during the third quarter worth about $6,596,000.

Invesco PHLX Semiconductor ETF Stock Performance

Shares of SOXQ traded down $0.31 during trading hours on Monday, hitting $63.46. The stock had a trading volume of 427,971 shares, compared to its average volume of 1,007,939. Invesco PHLX Semiconductor ETF has a 12-month low of $26.71 and a 12-month high of $66.89. The firm has a market cap of $996.24 million, a P/E ratio of 34.20 and a beta of 1.57. The company’s fifty day simple moving average is $61.61 and its 200 day simple moving average is $55.15.

Invesco PHLX Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.0621 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, December 22nd.

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.