Schwab Government Money Market ETF (NYSEARCA:SGVT) Sees Large Decrease in Short Interest

Schwab Government Money Market ETF (NYSEARCA:SGVT) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 4,890 shares, a drop of 96.3% from the January 15th total of 132,115 shares. Based on an average daily volume of 251,024 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 251,024 shares, the short-interest ratio is currently 0.0 days.

Schwab Government Money Market ETF Price Performance

Schwab Government Money Market ETF stock traded down $0.01 during trading hours on Thursday, hitting $100.54. 345,368 shares of the stock were exchanged, compared to its average volume of 246,551. Schwab Government Money Market ETF has a 12 month low of $100.01 and a 12 month high of $100.77. The business’s 50-day moving average is $100.56 and its two-hundred day moving average is $100.51.

Institutional Investors Weigh In On Schwab Government Money Market ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SGVT. Able Wealth Management LLC acquired a new position in Schwab Government Money Market ETF in the third quarter worth $1,000,000. Uptick Partners LLC acquired a new stake in shares of Schwab Government Money Market ETF in the third quarter valued at $2,858,000. Encompass More Asset Management bought a new position in shares of Schwab Government Money Market ETF in the third quarter valued at about $4,867,000. Savant Capital LLC acquired a new position in Schwab Government Money Market ETF during the 3rd quarter worth about $3,398,000. Finally, MGO One Seven LLC bought a new stake in Schwab Government Money Market ETF during the 3rd quarter worth about $3,340,000.

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.