Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Short Interest Update

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 179,200 shares, an increase of 25.2% from the October 15th total of 143,100 shares. Based on an average trading volume of 418,300 shares, the short-interest ratio is presently 0.4 days.

Invesco PHLX Semiconductor ETF Price Performance

NASDAQ:SOXQ traded down $1.38 during mid-day trading on Friday, reaching $38.05. 486,930 shares of the company’s stock traded hands, compared to its average volume of 345,619. The company has a 50 day moving average price of $40.23 and a 200-day moving average price of $40.61. The firm has a market capitalization of $474.86 million, a price-to-earnings ratio of 29.37 and a beta of 1.56. Invesco PHLX Semiconductor ETF has a 12-month low of $28.71 and a 12-month high of $46.82.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.068 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Monday, September 23rd. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06.

Institutional Trading of Invesco PHLX Semiconductor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. WASHINGTON TRUST Co purchased a new stake in shares of Invesco PHLX Semiconductor ETF in the 2nd quarter worth about $28,000. Beacon Capital Management LLC bought a new stake in Invesco PHLX Semiconductor ETF during the 2nd quarter valued at approximately $55,000. Future Financial Wealth Managment LLC purchased a new position in shares of Invesco PHLX Semiconductor ETF during the 3rd quarter worth approximately $58,000. Farther Finance Advisors LLC raised its position in shares of Invesco PHLX Semiconductor ETF by 14.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock worth $88,000 after acquiring an additional 275 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of Invesco PHLX Semiconductor ETF in the 3rd quarter valued at approximately $221,000.

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.