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

The Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) experienced a remarkable increase in short interest during March. As of March 15th, there were 581,500 shares sold short, representing a staggering 350.4% rise from the previous month’s total of 129,100 shares reported on February 28th. Currently, this short interest accounts for approximately 4.9% of the total shares of the ETF. With an average trading volume of 433,800 shares, the ratio of days to cover the short positions stands at about 1.3 days.

Invesco PHLX Semiconductor ETF Stock Performance

On Thursday, the Invesco PHLX Semiconductor ETF opened its trading at $35.51. The ETF boasts a market capitalization of $419.73 million and has a price-to-earnings (P/E) ratio of 30.96, along with a beta of 1.56. Over the past year, the stock has seen a low of $33.70 and a high of $46.82. The 50-day simple moving average is currently at $38.68, while the 200-day simple moving average is at $39.53.

Dividend Announcement

The Invesco PHLX Semiconductor ETF also announced an upcoming dividend. Shareholders who are on record as of March 24th will receive a dividend of $0.0693, which marks an increase from the prior dividend of $0.07. This new dividend is scheduled to be paid out on March 28th, and the ex-dividend date is also set for March 24th.

Institutional Investment Activity

Several institutional investors have made adjustments to their holdings in the Invesco PHLX Semiconductor ETF recently. Flow Traders U.S. LLC made a new investment in the ETF during the third quarter, amounting to around $893,000. Similarly, HighTower Advisors LLC acquired a stake valued at approximately $221,000 in the same period. Additionally, JPMorgan Chase & Co. upped its position by 10.7% in the third quarter, now owning 80,893 shares valued at $3,295,000 after purchasing an extra 7,797 shares. SG Americas Securities LLC and Silver Oak Securities Incorporated also established new stakes in the ETF, valued at $6,320,000 and $206,000, respectively, during the fourth quarter.

Overview of Invesco PHLX Semiconductor ETF

The Invesco PHLX Semiconductor ETF (SOXQ) is an exchange-traded fund that tracks the PHLX/Semiconductor Index, which is a modified market-cap-weighted index comprising 30 U.S.-based semiconductor companies. Launched on June 11, 2021, it is managed by Invesco.

ETF, Semiconductors, Investing