Schwab Government Money Market ETF (NYSEARCA:SGVT – Get Free Report) saw a large growth in short interest in 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. Approximately 3.9% of the company’s shares are sold short. Based on an average daily trading volume, of 296,180 shares, the short-interest ratio is currently 1.1 days.
Schwab Government Money Market ETF Trading Up 0.0%
Shares of SGVT stock traded up $0.01 on Wednesday, reaching $100.73. 59,918 shares of the stock were exchanged, compared to its average volume of 255,137. Schwab Government Money Market ETF has a one year low of $100.30 and a one year high of $100.79. The stock has a 50 day moving average price of $100.64 and a 200 day moving average price of $100.62.
Institutional Trading of Schwab Government Money Market ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in shares of Schwab Government Money Market ETF during the second quarter worth approximately $971,000. JPMorgan Chase & Co. acquired a new position in Schwab Government Money Market ETF in the third quarter valued at approximately $77,000. Johnson Financial Group Inc. acquired a new position in Schwab Government Money Market ETF in the third quarter valued at approximately $25,000. Mercer Global Advisors Inc. ADV bought a new position in Schwab Government Money Market ETF in the third quarter valued at approximately $683,000. Finally, Evergreen Capital Management LLC bought a new position in Schwab Government Money Market ETF in the fourth quarter valued at approximately $201,000.
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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