Short Interest in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Expands By 350.4%

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 581,500 shares, an increase of 350.4% from the February 28th total of 129,100 shares. Based on an average daily trading volume, of 433,800 shares, the short-interest ratio is presently 1.3 days. Currently, 4.9% of the company’s stock are short sold.

Invesco PHLX Semiconductor ETF Price Performance

Shares of NASDAQ:SOXQ opened at $35.51 on Thursday. The stock has a market capitalization of $419.73 million, a P/E ratio of 30.96 and a beta of 1.56. The business has a 50-day moving average of $38.68 and a two-hundred day moving average of $39.53. 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 Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a $0.0693 dividend. This is a positive change from Invesco PHLX Semiconductor ETF’s previous dividend of $0.07. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Investors Weigh In On Invesco PHLX Semiconductor ETF

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF in the fourth quarter worth $6,320,000. Marshall Investment Management LLC acquired a new position in Invesco PHLX Semiconductor ETF during the 4th quarter worth $5,177,000. Condor Capital Management bought a new stake in Invesco PHLX Semiconductor ETF during the fourth quarter valued at about $2,584,000. D. E. Shaw & Co. Inc. bought a new stake in Invesco PHLX Semiconductor ETF during the fourth quarter valued at about $2,532,000. Finally, LPL Financial LLC grew its position in shares of Invesco PHLX Semiconductor ETF by 9.1% in the fourth quarter. LPL Financial LLC now owns 412,352 shares of the company’s stock valued at $16,172,000 after purchasing an additional 34,376 shares during the last quarter.

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.