Schwab Government Money Market ETF (NYSEARCA:SGVT) Short Interest Down 38.9% in July

Schwab Government Money Market ETF (NYSEARCA:SGVT) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 70,193 shares, a drop of 38.9% from the July 15th total of 114,843 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 255,155 shares, the short-interest ratio is currently 0.3 days.

Schwab Government Money Market ETF Stock Up 0.0%

Schwab Government Money Market ETF stock traded up $0.01 during mid-day trading on Wednesday, reaching $100.66. The company’s stock had a trading volume of 33,408 shares, compared to its average volume of 254,634. The firm’s fifty day moving average price is $100.63 and its two-hundred day moving average price is $100.61. Schwab Government Money Market ETF has a 12-month low of $100.30 and a 12-month high of $100.79.

Institutional Trading of Schwab Government Money Market ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Johnson Financial Group Inc. purchased a new stake in shares of Schwab Government Money Market ETF in the third quarter worth about $25,000. Robbins Farley purchased a new position in Schwab Government Money Market ETF during the first quarter valued at approximately $60,000. Harbour Investments Inc. purchased a new position in Schwab Government Money Market ETF during the fourth quarter valued at approximately $62,000. JPMorgan Chase & Co. purchased a new position in Schwab Government Money Market ETF during the third quarter valued at approximately $77,000. Finally, Bleakley Financial Group LLC increased its holdings in Schwab Government Money Market ETF by 5.4% during the 1st quarter. Bleakley Financial Group LLC now owns 17,845 shares of the company’s stock worth $1,797,000 after acquiring an additional 921 shares during the period.

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.