Schwab Government Money Market ETF (NYSEARCA:SGVT) Short Interest Up 109.7% in May

Schwab Government Money Market ETF (NYSEARCA:SGVT) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 51,959 shares, a growth of 109.7% from the May 14th total of 24,776 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 193,576 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SGVT. Johnson Financial Group Inc. acquired a new position in Schwab Government Money Market ETF in the third quarter worth about $25,000. GW&K Investment Management LLC acquired a new stake in shares of Schwab Government Money Market ETF during the third quarter worth approximately $26,000. Hartford Financial Management Inc. acquired a new stake in shares of Schwab Government Money Market ETF during the fourth quarter worth approximately $53,000. Robbins Farley acquired a new stake in shares of Schwab Government Money Market ETF during the first quarter worth approximately $60,000. Finally, Harbour Investments Inc. acquired a new stake in shares of Schwab Government Money Market ETF during the fourth quarter worth approximately $62,000.

Schwab Government Money Market ETF Stock Up 0.0%

Shares of SGVT traded up $0.03 during trading hours on Friday, reaching $100.61. 338,515 shares of the company traded hands, compared to its average volume of 256,797. The stock’s fifty day moving average is $100.62 and its 200 day moving average is $100.59. Schwab Government Money Market ETF has a 1-year low of $100.02 and a 1-year high of $100.77.

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.