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

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

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC bought a new stake in Invesco PHLX Semiconductor ETF during the 3rd quarter valued at $221,000. Flow Traders U.S. LLC bought a new position in shares of Invesco PHLX Semiconductor ETF in the third quarter worth approximately $893,000. Kovack Advisors Inc. lifted its holdings in shares of Invesco PHLX Semiconductor ETF by 50.2% during the 3rd quarter. Kovack Advisors Inc. now owns 25,000 shares of the company’s stock worth $1,018,000 after acquiring an additional 8,350 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Invesco PHLX Semiconductor ETF by 58.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 31,000 shares of the company’s stock worth $1,263,000 after purchasing an additional 11,400 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Invesco PHLX Semiconductor ETF by 14.6% during the third quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock valued at $88,000 after acquiring an additional 275 shares during the last quarter.

Invesco PHLX Semiconductor ETF Stock Performance

NASDAQ:SOXQ opened at $38.05 on Friday. Invesco PHLX Semiconductor ETF has a 52 week low of $28.71 and a 52 week high of $46.82. The firm has a 50-day moving average price of $40.23 and a two-hundred day moving average price of $40.64. The firm has a market cap of $474.86 million, a price-to-earnings ratio of 29.37 and a beta of 1.56.

Invesco PHLX Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.068 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.27 annualized dividend and a yield of 0.71%. This is a boost from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06.

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.