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

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a significant growth in short interest in the month of 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. Currently, 4.9% of the shares of the company are sold short. Based on an average trading volume of 433,800 shares, the days-to-cover ratio is presently 1.3 days.

Invesco PHLX Semiconductor ETF Trading Down 3.3 %

Shares of Invesco PHLX Semiconductor ETF stock opened at $35.51 on Thursday. The company has a market cap of $419.73 million, a price-to-earnings ratio of 30.96 and a beta of 1.56. Invesco PHLX Semiconductor ETF has a 1 year low of $33.70 and a 1 year high of $46.82. The company’s fifty day simple moving average is $38.68 and its 200-day simple moving average is $39.53.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given 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 Inflows and Outflows

A number of large investors have recently made changes to their positions in SOXQ. Flow Traders U.S. LLC acquired a new stake in Invesco PHLX Semiconductor ETF during the third quarter worth about $893,000. HighTower Advisors LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF during the 3rd quarter worth approximately $221,000. JPMorgan Chase & Co. increased its position in shares of Invesco PHLX Semiconductor ETF by 10.7% during the third 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. SG Americas Securities LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the fourth quarter valued at $6,320,000. Finally, Silver Oak Securities Incorporated bought a new position in Invesco PHLX Semiconductor ETF in the fourth quarter worth $206,000.

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.