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

Schwab Government Money Market ETF (NYSEARCA:SGVT) was the target of a significant growth in short interest in the month of 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. Based on an average daily volume of 251,837 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.0% of the shares of the stock are sold short. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 251,837 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Schwab Government Money Market ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Johnson Financial Group Inc. acquired a new stake in Schwab Government Money Market ETF in the third quarter valued at about $25,000. GW&K Investment Management LLC bought a new position in shares of Schwab Government Money Market ETF in the third quarter worth about $26,000. JPMorgan Chase & Co. acquired a new stake in shares of Schwab Government Money Market ETF in the 3rd quarter valued at approximately $77,000. WealthShield Partners LLC bought a new stake in shares of Schwab Government Money Market ETF during the 2nd quarter valued at approximately $99,000. Finally, Farther Finance Advisors LLC acquired a new position in Schwab Government Money Market ETF during the 3rd quarter worth approximately $125,000.

Schwab Government Money Market ETF Price Performance

SGVT stock traded up $0.03 during mid-day trading on Friday, hitting $100.64. The stock had a trading volume of 158,191 shares, compared to its average volume of 256,308. The firm has a fifty day simple moving average of $100.55 and a 200 day simple moving average of $100.46. Schwab Government Money Market ETF has a 52 week low of $100.01 and a 52 week high of $100.72.

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.