Short Interest in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Drops By 52.6%

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the target of a significant 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. Approximately 1.1% of the company’s shares are sold short. Based on an average trading volume of 435,800 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Invesco PHLX Semiconductor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbour Investments Inc. lifted its position in shares of Invesco PHLX Semiconductor ETF by 221.6% during the fourth quarter. Harbour Investments Inc. now owns 968 shares of the company’s stock valued at $38,000 after buying an additional 667 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Invesco PHLX Semiconductor ETF by 1,262.9% in 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 during the last quarter. FWL Investment Management LLC lifted its stake 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 during the period. Silver Oak Securities Incorporated purchased a new stake in Invesco PHLX Semiconductor ETF during the 4th quarter valued at about $206,000. Finally, Sigma Planning Corp acquired a new stake in Invesco PHLX Semiconductor ETF during the 4th quarter valued at approximately $208,000.

Invesco PHLX Semiconductor ETF Stock Performance

Invesco PHLX Semiconductor ETF stock opened at $35.13 on Friday. The company has a 50 day moving average price of $39.42 and a 200-day moving average price of $39.69. The company has a market capitalization of $415.24 million, a PE ratio of 33.73 and a beta of 1.56. 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 declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given 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.