Short Interest in Schwab Government Money Market ETF (NYSEARCA:SGVT) Expands By 101.8%

Schwab Government Money Market ETF (NYSEARCA:SGVT) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 114,843 shares, an increase of 101.8% from the June 30th total of 56,914 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average daily volume of 211,623 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. North Berkeley Wealth Management LLC purchased a new position in shares of Schwab Government Money Market ETF in the 4th quarter valued at $22,568,000. Uptick Partners LLC grew its stake in shares of Schwab Government Money Market ETF by 408.9% in the fourth quarter. Uptick Partners LLC now owns 144,540 shares of the company’s stock valued at $14,524,000 after buying an additional 116,138 shares in the last quarter. Jane Street Group LLC acquired a new position in Schwab Government Money Market ETF during the 4th quarter worth approximately $10,156,000. Savant Capital LLC grew its position in Schwab Government Money Market ETF by 181.6% in the fourth quarter. Savant Capital LLC now owns 95,081 shares of the company’s stock valued at $9,554,000 after acquiring an additional 61,315 shares in the last quarter. Finally, Addison Capital Co purchased a new stake in shares of Schwab Government Money Market ETF during the fourth quarter valued at approximately $9,149,000.

Schwab Government Money Market ETF Stock Performance

SGVT stock opened at $100.73 on Wednesday. The business has a fifty day simple moving average of $100.63 and a 200-day simple moving average of $100.62. Schwab Government Money Market ETF has a 52 week low of $100.16 and a 52 week high of $100.77.

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.