Schwab Government Money Market ETF (NYSEARCA:SGVT) Short Interest Up 25.5% in February

Schwab Government Money Market ETF (NYSEARCA:SGVT) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 24,027 shares, an increase of 25.5% from the February 12th total of 19,150 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 184,993 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 184,993 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.5% of the shares of the company are short sold.

Schwab Government Money Market ETF Stock Performance

Shares of SGVT traded up $0.02 during midday trading on Friday, reaching $100.57. The stock had a trading volume of 230,208 shares, compared to its average volume of 221,598. The firm has a 50 day simple moving average of $100.59 and a 200-day simple moving average of $100.54. Schwab Government Money Market ETF has a one year low of $100.01 and a one year high of $100.77.

Hedge Funds Weigh In On Schwab Government Money Market ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wolfstich Capital LLC bought a new stake in Schwab Government Money Market ETF in the fourth quarter valued at approximately $316,000. North Berkeley Wealth Management LLC bought a new position in shares of Schwab Government Money Market ETF during the 4th quarter worth approximately $22,568,000. Uptick Partners LLC boosted its stake in shares of 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 shares of Schwab Government Money Market ETF during the 4th quarter worth approximately $10,156,000. Finally, Addison Capital Co acquired a new position in shares of Schwab Government Money Market ETF during the 4th quarter worth approximately $9,149,000.

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.