Schwab Government Money Market ETF (NYSEARCA:SGVT) Shares Shorted: Short Interest Up 122.2% in October

Schwab Government Money Market ETF (NYSEARCA:SGVT) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 74,904 shares, a growth of 122.2% from the September 30th total of 33,704 shares. Based on an average daily volume of 317,243 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.7% of the shares of the stock are short sold.

Schwab Government Money Market ETF Stock Up 0.0%

SGVT stock traded up $0.04 on Friday, hitting $100.82. 301,843 shares of the company’s stock traded hands, compared to its average volume of 266,947. Schwab Government Money Market ETF has a 1-year low of $100.37 and a 1-year high of $100.82. The stock has a fifty day moving average of $100.66 and a 200-day moving average of $100.63.

Institutional Investors Weigh In On Schwab Government Money Market ETF

Large investors have recently modified their holdings of the stock. Advocacy Wealth Management LLC purchased a new stake in shares of Schwab Government Money Market ETF during the second quarter valued at $172,809,000. Fulcrum Wealth Advisors LLC increased its stake in Schwab Government Money Market ETF by 52.1% in the 3rd quarter. Fulcrum Wealth Advisors LLC now owns 47,530 shares of the company’s stock worth $4,790,000 after purchasing an additional 16,273 shares in the last quarter. WPG Advisers LLC raised its holdings in Schwab Government Money Market ETF by 218.6% during the 3rd quarter. WPG Advisers LLC now owns 44,993 shares of the company’s stock worth $4,534,000 after buying an additional 30,872 shares during the period. Farther Finance Advisors LLC raised its holdings in Schwab Government Money Market ETF by 148.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 32,022 shares of the company’s stock worth $3,227,000 after buying an additional 19,151 shares during the period. Finally, Bleakley Financial Group LLC raised 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 buying an additional 921 shares during the period.

Schwab Government Money Market ETF Company Profile

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.