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

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

Institutional Investors Weigh In On Schwab Government Money Market ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SGVT. North Berkeley Wealth Management LLC bought a new position in shares of Schwab Government Money Market ETF in the 4th quarter valued at about $22,568,000. Uptick Partners LLC increased its stake in Schwab Government Money Market ETF by 408.9% during the 4th quarter. Uptick Partners LLC now owns 144,540 shares of the company’s stock worth $14,524,000 after acquiring an additional 116,138 shares during the period. Jane Street Group LLC acquired a new position in Schwab Government Money Market ETF in the fourth quarter valued at about $10,156,000. Addison Capital Co acquired a new position in shares of Schwab Government Money Market ETF in the 4th quarter valued at approximately $9,149,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Schwab Government Money Market ETF during the 4th quarter worth approximately $7,768,000.

Schwab Government Money Market ETF Price Performance

Shares of NYSEARCA:SGVT traded up $0.03 during midday trading on Friday, reaching $100.79. The company had a trading volume of 81,606 shares, compared to its average volume of 252,436. Schwab Government Money Market ETF has a 1-year low of $100.16 and a 1-year high of $100.79. The business’s 50 day moving average price is $100.63 and its 200 day moving average price is $100.62.

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.