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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 122,100 shares, a decrease of 22.7% from the August 31st total of 157,900 shares. Based on an average trading volume of 492,200 shares, the days-to-cover ratio is presently 0.2 days.

Invesco PHLX Semiconductor ETF Trading Down 1.7 %

SOXQ stock opened at $41.08 on Friday. The stock has a market capitalization of $486.39 million, a P/E ratio of 29.37 and a beta of 1.56. Invesco PHLX Semiconductor ETF has a 12 month low of $24.82 and a 12 month high of $46.82. The firm has a 50-day moving average price of $39.21 and a 200-day moving average price of $39.84.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.068 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.66%. This is a boost from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. WASHINGTON TRUST Co acquired a new position in shares of Invesco PHLX Semiconductor ETF in the second quarter valued at approximately $28,000. Beacon Capital Management LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the second quarter valued at approximately $55,000. Future Financial Wealth Managment LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the first quarter valued at approximately $54,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Invesco PHLX Semiconductor ETF in the first quarter valued at approximately $251,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the first quarter valued at approximately $297,000.

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.