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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 129,100 shares, a drop of 52.6% from the February 13th total of 272,200 shares. Based on an average daily trading volume, of 435,800 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Large investors have recently modified their holdings of the business. Harbour Investments Inc. grew its position in Invesco PHLX Semiconductor ETF by 221.6% in the fourth quarter. Harbour Investments Inc. now owns 968 shares of the company’s stock valued at $38,000 after acquiring an additional 667 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Invesco PHLX Semiconductor ETF by 1,262.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,799 shares of the company’s stock valued at $71,000 after purchasing an additional 1,667 shares during the last quarter. FWL Investment Management LLC increased its position in Invesco PHLX Semiconductor ETF by 51,760.0% during the 4th quarter. FWL Investment Management LLC now owns 2,593 shares of the company’s stock worth $102,000 after purchasing an additional 2,588 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in Invesco PHLX Semiconductor ETF in the 4th quarter valued at approximately $206,000. Finally, Sigma Planning Corp acquired a new stake in Invesco PHLX Semiconductor ETF in the fourth quarter valued at approximately $208,000.

Invesco PHLX Semiconductor ETF Stock Up 3.2 %

Shares of NASDAQ:SOXQ traded up $1.12 during midday trading on Friday, hitting $36.25. The stock had a trading volume of 289,624 shares, compared to its average volume of 391,146. The company has a market capitalization of $411.08 million, a P/E ratio of 30.96 and a beta of 1.50. The company’s 50-day moving average price is $39.33 and its 200-day moving average price is $39.67. Invesco PHLX Semiconductor ETF has a fifty-two week low of $33.70 and a fifty-two week high of $46.82.

Invesco PHLX Semiconductor ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.0689 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.