Schwab Government Money Market ETF (NYSEARCA:SGVT) Shares Shorted: Short Interest Up 122.2% in October

Schwab Government Money Market ETF (NYSEARCA:SGVT) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 74,904 shares, a growth of 122.2% from the September 30th total of 33,704 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 317,243 shares, the days-to-cover ratio is currently 0.2 days.

Schwab Government Money Market ETF Stock Up 0.0%

NYSEARCA:SGVT traded up $0.04 during mid-day trading on Friday, reaching $100.82. 301,843 shares of the company’s stock traded hands, compared to its average volume of 266,947. The company has a 50 day moving average price of $100.66 and a 200-day moving average price of $100.63. Schwab Government Money Market ETF has a 12-month low of $100.37 and a 12-month high of $100.82.

Hedge Funds Weigh In On Schwab Government Money Market ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JNBA Financial Advisors purchased a new position in shares of Schwab Government Money Market ETF during the 2nd quarter worth approximately $59,000. Integrated Wealth Concepts LLC purchased a new position in shares of Schwab Government Money Market ETF in the 2nd quarter valued at approximately $63,000. Bangor Savings Bank purchased a new position in shares of Schwab Government Money Market ETF in the 3rd quarter valued at approximately $121,000. Verisail Partners LLC bought a new stake in shares of Schwab Government Money Market ETF during the third quarter valued at approximately $210,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Schwab Government Money Market ETF during the third quarter valued at approximately $223,000.

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.