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

Schwab Government Money Market ETF (NYSEARCA:SGVT) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 47,399 shares, a growth of 38.4% from the December 15th total of 34,244 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 251,837 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 251,837 shares, the short-interest ratio is currently 0.2 days. Currently, 1.0% of the shares of the stock are short sold.

Institutional Trading of Schwab Government Money Market ETF

Several institutional investors and hedge funds have recently modified their holdings of SGVT. Wolfstich Capital LLC bought a new stake in shares of Schwab Government Money Market ETF during the 4th quarter valued at about $316,000. Worth Asset Management LLC purchased a new stake in Schwab Government Money Market ETF in the fourth quarter valued at approximately $876,000. JPMorgan Chase & Co. bought a new stake in Schwab Government Money Market ETF during the third quarter valued at approximately $77,000. Mercer Global Advisors Inc. ADV purchased a new position in Schwab Government Money Market ETF in the 3rd quarter worth approximately $683,000. Finally, Johnson Financial Group Inc. purchased a new position in Schwab Government Money Market ETF in the 3rd quarter worth approximately $25,000.

Schwab Government Money Market ETF Trading Up 0.0%

Shares of SGVT stock traded up $0.03 on Friday, reaching $100.64. The company’s stock had a trading volume of 158,191 shares, compared to its average volume of 256,308. Schwab Government Money Market ETF has a 12-month low of $100.01 and a 12-month high of $100.72. The stock’s 50 day simple moving average is $100.55 and its 200-day simple moving average is $100.46.

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.