Schwab Government Money Market ETF (NYSEARCA:SGVT – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 328,637 shares, a growth of 368.2% from the July 30th total of 70,193 shares. Based on an average trading volume of 296,180 shares, the days-to-cover ratio is presently 1.1 days. Currently, 3.9% of the company’s stock are sold short.
Schwab Government Money Market ETF Price Performance
SGVT stock traded up $0.02 during mid-day trading on Thursday, hitting $100.74. 178,920 shares of the company were exchanged, compared to its average volume of 255,581. The firm has a fifty day simple moving average of $100.64 and a 200 day simple moving average of $100.62. Schwab Government Money Market ETF has a twelve month low of $100.30 and a twelve month high of $100.79.
Hedge Funds Weigh In On Schwab Government Money Market ETF
A number of hedge funds have recently bought and sold shares of SGVT. Johnson Financial Group Inc. bought a new stake in Schwab Government Money Market ETF in the third quarter valued at about $25,000. JNBA Financial Advisors acquired a new position in shares of Schwab Government Money Market ETF in the 2nd quarter worth approximately $59,000. Robbins Farley acquired a new position in shares of Schwab Government Money Market ETF in the 1st quarter worth approximately $60,000. Harbour Investments Inc. acquired a new position in shares of Schwab Government Money Market ETF in the 4th quarter worth approximately $62,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Schwab Government Money Market ETF in the 3rd quarter valued at approximately $77,000.
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.
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