Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Shares Shorted: Short Interest Up 60.9% in September

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a significant increase in short interest during 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. Based on an average daily trading volume, of 1,498,816 shares, the days-to-cover ratio is currently 0.7 days. Currently, 3.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its holdings in shares of Invesco PHLX Semiconductor ETF by 226.3% during the second quarter. Envestnet Asset Management Inc. now owns 24,012 shares of the company’s stock worth $2,692,000 after purchasing an additional 16,654 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the 2nd quarter valued at about $625,000. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the 2nd quarter valued at about $512,000. NewEdge Advisors LLC bought a new stake in shares of Invesco PHLX Semiconductor ETF during the 2nd quarter valued at about $3,001,000. Finally, Cypress Capital Management LLC WY bought a new stake in shares of Invesco PHLX Semiconductor ETF during the 2nd quarter valued at about $93,000.

Invesco PHLX Semiconductor ETF Trading Up 0.0%

Shares of SOXQ opened at $99.40 on Thursday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 34.20 and a beta of 1.79. The stock has a 50 day moving average of $93.34 and a 200-day moving average of $89.72. Invesco PHLX Semiconductor ETF has a 52 week low of $48.51 and a 52 week high of $115.34.

Invesco PHLX Semiconductor ETF Increases Dividend

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

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.