Schwab Government Money Market ETF (NYSEARCA:SGVT) Sees Significant Growth in Short Interest

Schwab Government Money Market ETF (NYSEARCA:SGVTGet Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 328,637 shares, an increase of 368.2% from the July 30th total of 70,193 shares. Currently, 3.9% of the shares of the stock are sold short. Based on an average daily volume of 296,180 shares, the days-to-cover ratio is currently 1.1 days.

Schwab Government Money Market ETF Stock Performance

Shares of NYSEARCA:SGVT traded up $0.01 during midday trading on Wednesday, reaching $100.73. The company’s stock had a trading volume of 59,918 shares, compared to its average volume of 255,137. Schwab Government Money Market ETF has a fifty-two week low of $100.30 and a fifty-two week high of $100.79. The business’s fifty day simple moving average is $100.64 and its 200-day simple moving average is $100.62.

Institutional Investors Weigh In On Schwab Government Money Market ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in shares of Schwab Government Money Market ETF in the second quarter worth about $971,000. JPMorgan Chase & Co. bought a new stake in shares of Schwab Government Money Market ETF during the third quarter valued at approximately $77,000. Johnson Financial Group Inc. bought a new stake in shares of Schwab Government Money Market ETF during the third quarter valued at approximately $25,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Schwab Government Money Market ETF in the third quarter valued at approximately $683,000. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Schwab Government Money Market ETF in the fourth quarter valued at approximately $201,000.

Schwab Government Money Market ETF Company Profile

(Get Free Report)

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.

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