Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Large Growth in Short Interest

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 290,000 shares, an increase of 87.9% from the November 30th total of 154,300 shares. Based on an average daily trading volume, of 395,100 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in Invesco PHLX Semiconductor ETF by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 80,893 shares of the company’s stock worth $3,295,000 after acquiring an additional 7,797 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF in the 3rd quarter valued at $221,000. Flow Traders U.S. LLC purchased a new stake in shares of Invesco PHLX Semiconductor ETF during the 3rd quarter worth $893,000. Kovack Advisors Inc. grew its stake in shares of Invesco PHLX Semiconductor ETF by 50.2% during the third quarter. Kovack Advisors Inc. now owns 25,000 shares of the company’s stock worth $1,018,000 after purchasing an additional 8,350 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Invesco PHLX Semiconductor ETF by 58.2% in 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 last quarter.

Invesco PHLX Semiconductor ETF Trading Down 0.9 %

NASDAQ:SOXQ traded down $0.38 during midday trading on Friday, reaching $40.33. The company had a trading volume of 115,096 shares, compared to its average volume of 345,155. Invesco PHLX Semiconductor ETF has a 12-month low of $30.50 and a 12-month high of $46.82. The firm has a market capitalization of $503.32 million, a price-to-earnings ratio of 29.37 and a beta of 1.56. The stock’s fifty day simple moving average is $39.87 and its 200-day simple moving average is $40.58.

Invesco PHLX Semiconductor ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.0689 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.