Short Interest in Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Declines By 34.1%

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 154,300 shares, a decline of 34.1% from the November 15th total of 234,100 shares. Based on an average daily volume of 399,200 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco PHLX Semiconductor ETF

A number of large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Invesco PHLX Semiconductor ETF by 14.6% in the third quarter. Farther Finance Advisors LLC now owns 2,161 shares of the company’s stock worth $88,000 after purchasing an additional 275 shares during the last quarter. Beacon Capital Management LLC purchased a new position in Invesco PHLX Semiconductor ETF during the 2nd quarter valued at $55,000. Future Financial Wealth Managment LLC bought a new position in shares of Invesco PHLX Semiconductor ETF in the third quarter worth about $58,000. Truist Financial Corp increased its stake in Invesco PHLX Semiconductor ETF by 20.1% in the 2nd quarter. Truist Financial Corp now owns 12,087 shares of the company’s stock worth $521,000 after buying an additional 2,019 shares during the period. Finally, HighTower Advisors LLC bought a new stake in Invesco PHLX Semiconductor ETF during the 3rd quarter valued at about $221,000.

Invesco PHLX Semiconductor ETF Trading Up 3.4 %

NASDAQ:SOXQ traded up $1.35 during midday trading on Friday, hitting $40.61. 407,545 shares of the company traded hands, compared to its average volume of 343,167. The firm has a market capitalization of $506.81 million, a P/E ratio of 29.37 and a beta of 1.56. The firm’s fifty day moving average is $40.11 and its 200-day moving average is $40.68. Invesco PHLX Semiconductor ETF has a 12-month low of $30.50 and a 12-month high of $46.82.

Invesco PHLX Semiconductor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.068 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.27 annualized dividend and a dividend yield of 0.67%. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06.

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.