Schwab Government Money Market ETF (NYSEARCA:SGVT) Short Interest Update

Schwab Government Money Market ETF (NYSEARCA:SGVT) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 40,606 shares, a decrease of 51.2% from the August 31st total of 83,207 shares. Based on an average trading volume of 348,001 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Schwab Government Money Market ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new position in Schwab Government Money Market ETF during the 2nd quarter valued at about $63,000. JNBA Financial Advisors purchased a new stake in Schwab Government Money Market ETF in the second quarter worth about $59,000. Advocacy Wealth Management LLC bought a new position in shares of Schwab Government Money Market ETF during the second quarter valued at approximately $172,809,000. Private Client Services LLC increased its stake in shares of Schwab Government Money Market ETF by 219.7% during the second quarter. Private Client Services LLC now owns 9,527 shares of the company’s stock valued at $960,000 after purchasing an additional 6,547 shares in the last quarter. Finally, Claris Financial LLC increased its stake in shares of Schwab Government Money Market ETF by 55.8% during the first quarter. Claris Financial LLC now owns 6,619 shares of the company’s stock valued at $667,000 after purchasing an additional 2,371 shares in the last quarter.

Schwab Government Money Market ETF Trading Up 0.0%

Shares of NYSEARCA SGVT traded up $0.02 during mid-day trading on Tuesday, hitting $100.76. 159,666 shares of the stock traded hands, compared to its average volume of 262,823. Schwab Government Money Market ETF has a 52 week low of $100.36 and a 52 week high of $100.79. The stock has a fifty day moving average price of $100.65 and a 200-day moving average price of $100.63.

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.