Short Interest in Schwab Government Money Market ETF (NYSEARCA:SGVT) Rises By 109.7%

Schwab Government Money Market ETF (NYSEARCA:SGVT) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 51,959 shares, a growth of 109.7% from the May 14th total of 24,776 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 193,576 shares, the short-interest ratio is presently 0.3 days.

Schwab Government Money Market ETF Price Performance

Shares of Schwab Government Money Market ETF stock remained flat at $100.61 during midday trading on Monday. The company had a trading volume of 248,467 shares, compared to its average volume of 256,514. The firm has a 50-day moving average price of $100.62 and a 200 day moving average price of $100.59. Schwab Government Money Market ETF has a 52 week low of $100.04 and a 52 week high of $100.77.

Institutional Trading of Schwab Government Money Market ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SGVT. Wolfstich Capital LLC purchased a new stake in shares of Schwab Government Money Market ETF in the 4th quarter worth approximately $316,000. North Berkeley Wealth Management LLC purchased a new position in Schwab Government Money Market ETF in the 4th quarter worth approximately $22,568,000. Uptick Partners LLC lifted its position in Schwab Government Money Market ETF by 408.9% in the 4th quarter. Uptick Partners LLC now owns 144,540 shares of the company’s stock valued at $14,524,000 after acquiring an additional 116,138 shares in the last quarter. Jane Street Group LLC bought a new position in Schwab Government Money Market ETF in the 4th quarter valued at approximately $10,156,000. Finally, Addison Capital Co purchased a new stake in Schwab Government Money Market ETF during the 4th quarter valued at $9,149,000.

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.