Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Short Interest Up 350.4% in March

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

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Harbour Investments Inc. raised its stake in Invesco PHLX Semiconductor ETF by 221.6% in the 4th quarter. Harbour Investments Inc. now owns 968 shares of the company’s stock valued at $38,000 after purchasing 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 fourth quarter. Creative Financial Designs Inc. ADV now owns 1,799 shares of the company’s stock worth $71,000 after buying an additional 1,667 shares in the last quarter. FWL Investment Management LLC grew its holdings in shares of Invesco PHLX Semiconductor ETF by 51,760.0% during the fourth quarter. FWL Investment Management LLC now owns 2,593 shares of the company’s stock worth $102,000 after buying an additional 2,588 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of Invesco PHLX Semiconductor ETF in the fourth quarter valued at about $206,000. Finally, Sigma Planning Corp purchased a new position in shares of Invesco PHLX Semiconductor ETF in the fourth quarter worth about $208,000.

Invesco PHLX Semiconductor ETF Stock Down 3.0 %

SOXQ opened at $33.74 on Friday. The company has a market cap of $398.81 million, a PE ratio of 30.96 and a beta of 1.56. Invesco PHLX Semiconductor ETF has a twelve month low of $33.55 and a twelve month high of $46.82. The company has a 50-day moving average price of $38.40 and a 200 day moving average price of $39.48.

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.0693 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Invesco PHLX Semiconductor ETF’s previous dividend of $0.07.

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.