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

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

Institutional Investors Weigh In On Schwab Government Money Market ETF

Large investors have recently modified their holdings of the business. Integrity Alliance LLC. acquired a new stake in Schwab Government Money Market ETF during the 3rd quarter worth about $233,000. Summit Wealth Group LLC Co. purchased a new stake in Schwab Government Money Market ETF during the 3rd quarter valued at about $926,000. WPG Advisers LLC increased its holdings in shares of Schwab Government Money Market ETF by 218.6% in the third quarter. WPG Advisers LLC now owns 44,993 shares of the company’s stock valued at $4,534,000 after purchasing an additional 30,872 shares during the period. Victory Financial Group LLC acquired a new position in shares of Schwab Government Money Market ETF in the third quarter valued at about $525,000. Finally, Kingswood Wealth Advisors LLC increased its holdings in shares of Schwab Government Money Market ETF by 15.0% in the third quarter. Kingswood Wealth Advisors LLC now owns 5,701 shares of the company’s stock valued at $574,000 after purchasing an additional 744 shares during the period.

Schwab Government Money Market ETF Trading Up 0.0%

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

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.