Short Interest in Schwab Government Money Market ETF (NYSEARCA:SGVT) Expands By 178.7%

Schwab Government Money Market ETF (NYSEARCA:SGVT) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 132,115 shares, an increase of 178.7% from the December 31st total of 47,399 shares. Based on an average daily volume of 266,169 shares, the short-interest ratio is presently 0.5 days. Approximately 2.7% of the shares of the stock are sold short. Approximately 2.7% of the shares of the stock are sold short. Based on an average daily volume of 266,169 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wolfstich Capital LLC bought a new stake in shares of Schwab Government Money Market ETF during the 4th quarter valued at approximately $316,000. Encompass More Asset Management acquired a new stake in Schwab Government Money Market ETF in the third quarter valued at approximately $4,867,000. Savant Capital LLC bought a new stake in shares of Schwab Government Money Market ETF during the third quarter worth $3,398,000. MGO One Seven LLC bought a new stake in shares of Schwab Government Money Market ETF during the third quarter worth $3,340,000. Finally, Uptick Partners LLC acquired a new position in shares of Schwab Government Money Market ETF during the third quarter worth $2,858,000.

Schwab Government Money Market ETF Price Performance

Schwab Government Money Market ETF stock opened at $100.77 on Friday. Schwab Government Money Market ETF has a 52 week low of $100.01 and a 52 week high of $100.77. The stock has a fifty day moving average of $100.58 and a 200-day moving average of $100.50.

About Schwab Government Money Market ETF

SGVT is an actively managed government money market ETF that invests in U.S. Treasury bills, government agency securities, and fully collateralized repurchase agreements. It aims for current income consistent with capital preservation and maintains liquidity, with a NAV that fluctuates based on underlying market values.