iShares Semiconductor ETF (NASDAQ:SOXX) Short Interest Down 12.6% in January

iShares Semiconductor ETF (NASDAQ:SOXX) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 7,840,000 shares, a drop of 12.6% from the December 31st total of 8,970,000 shares. Based on an average daily volume of 2,930,300 shares, the short-interest ratio is presently 2.7 days.

iShares Semiconductor ETF Trading Down 1.8 %

NASDAQ SOXX traded down $3.93 during midday trading on Monday, hitting $214.20. The company had a trading volume of 3,599,155 shares, compared to its average volume of 4,079,724. The company has a market capitalization of $13.31 billion, a PE ratio of 10.60 and a beta of 1.34. The firm has a 50-day moving average price of $220.74 and a 200-day moving average price of $223.26. iShares Semiconductor ETF has a twelve month low of $192.87 and a twelve month high of $267.24.

iShares Semiconductor ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $0.3578 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Hedge Funds Weigh In On iShares Semiconductor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Compass Financial Services Inc acquired a new position in iShares Semiconductor ETF in the 4th quarter valued at $25,000. Global Trust Asset Management LLC acquired a new position in iShares Semiconductor ETF in the 3rd quarter valued at $27,000. RPg Family Wealth Advisory LLC acquired a new position in iShares Semiconductor ETF in the 3rd quarter valued at $33,000. Truvestments Capital LLC acquired a new position in iShares Semiconductor ETF in the 3rd quarter valued at $35,000. Finally, Hollencrest Capital Management increased its stake in shares of iShares Semiconductor ETF by 56.1% in the 3rd quarter. Hollencrest Capital Management now owns 167 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 60 shares during the last quarter.

About iShares Semiconductor ETF

iShares PHLX Semiconductor ETF, formerly iShares PHLX SOX Semiconductor Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States-listed semiconductor stocks as represented by the PHLX Semiconductor Sector Index (the Index).