Short Interest in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Declines By 62.3%

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 109,200 shares, a drop of 62.3% from the December 31st total of 290,000 shares. Based on an average daily volume of 395,200 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Invesco PHLX Semiconductor ETF in the fourth quarter worth about $6,320,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Invesco PHLX Semiconductor ETF by 32.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,400 shares of the company’s stock valued at $3,508,000 after purchasing an additional 20,700 shares during the period. JPMorgan Chase & Co. raised its stake in Invesco PHLX Semiconductor ETF by 10.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 80,893 shares of the company’s stock valued at $3,295,000 after purchasing an additional 7,797 shares during the period. Global X Japan Co. Ltd. raised its stake in Invesco PHLX Semiconductor ETF by 91.8% during the 4th quarter. Global X Japan Co. Ltd. now owns 63,097 shares of the company’s stock valued at $2,475,000 after purchasing an additional 30,197 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Invesco PHLX Semiconductor ETF by 58.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 31,000 shares of the company’s stock valued at $1,263,000 after purchasing an additional 11,400 shares during the period.

Invesco PHLX Semiconductor ETF Stock Up 0.4 %

NASDAQ:SOXQ traded up $0.15 on Tuesday, hitting $38.34. The stock had a trading volume of 164,026 shares, compared to its average volume of 387,577. The stock has a market cap of $456.25 million, a price-to-earnings ratio of 29.37 and a beta of 1.56. The business’s 50-day simple moving average is $40.05 and its two-hundred day simple moving average is $40.10. Invesco PHLX Semiconductor ETF has a 52-week low of $33.25 and a 52-week high of $46.82.

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 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.