Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Short Interest Down 34.1% in November

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 154,300 shares, a decline of 34.1% from the November 15th total of 234,100 shares. Based on an average trading volume of 399,200 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SOXQ. HighTower Advisors LLC purchased a new stake in Invesco PHLX Semiconductor ETF in the 3rd quarter worth approximately $221,000. Flow Traders U.S. LLC purchased a new stake in Invesco PHLX Semiconductor ETF during the third quarter worth $893,000. Kovack Advisors Inc. grew its position in Invesco PHLX Semiconductor ETF by 50.2% during the third quarter. Kovack Advisors Inc. now owns 25,000 shares of the company’s stock valued at $1,018,000 after buying an additional 8,350 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Invesco PHLX Semiconductor ETF by 58.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 31,000 shares of the company’s stock valued at $1,263,000 after buying an additional 11,400 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Invesco PHLX Semiconductor ETF by 14.6% in the third quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock valued at $88,000 after buying an additional 275 shares in the last quarter.

Invesco PHLX Semiconductor ETF Stock Up 3.4 %

Shares of NASDAQ:SOXQ traded up $1.35 during midday trading on Friday, reaching $40.61. The company’s stock had a trading volume of 407,545 shares, compared to its average volume of 343,167. The firm has a market capitalization of $506.81 million, a PE ratio of 29.37 and a beta of 1.56. The stock has a fifty day moving average of $40.11 and a 200 day moving average of $40.68. Invesco PHLX Semiconductor ETF has a twelve month low of $30.50 and a twelve month high of $46.82.

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 paid a $0.068 dividend. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, September 23rd. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.67%.

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.