ETF Chart of the Day: Semiconductors

ETF Trends

Late last week we saw a prominent Semiconductor Equity sector ETF name experience notable outflows of $210 million, or about 15% of the assets outstanding in the ETF.

The iShares PHLX SOX Semiconductor Sector (SOXX) traded above average volume last week even in light pre-Labor Day holiday trading, as the ETF found support right around its 200 day moving average.

Year to date, SOXX has trailed the broad market, with the ETF rising 8.99% versus the S&P 500 Index increasing 12.53% during the same time period.

Top holdings curretly in SOXX are INTC (8.91%), TSM (8.55%), BRCM (8.07%), TXN (7.91%) and AMAT (7.61%).

This sector ETF is often in play in the midst of Semiconductor/Technology sector earnings season, as hedgers and speculators alike often like to make plays on the likes of INTC and TXN for example headed into earnings pre-releases or scheduled conference calls and management discussions.

Thus, as we now roll into September and move past near term market catalysts, we will keep this fund on our radar as we approach the fall earnings season including the releases from related Semi names.

iShares PHLX SOX Semiconductor Sector

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semiconductor-etf

For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at pweisbruch@streetonefinancial.com.

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