Schwab Government Money Market ETF (NYSEARCA:SGVT – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 83,207 shares, a drop of 74.7% from the August 15th total of 328,637 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 230,172 shares, the short-interest ratio is currently 0.4 days.
Schwab Government Money Market ETF Stock Performance
SGVT remained flat at $100.60 on Friday. 449,114 shares of the company were exchanged, compared to its average volume of 259,499. Schwab Government Money Market ETF has a 52-week low of $100.36 and a 52-week high of $100.79. The business has a fifty day moving average price of $100.63 and a two-hundred day moving average price of $100.62.
Institutional Investors Weigh In On Schwab Government Money Market ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Advocacy Wealth Management LLC acquired a new position in Schwab Government Money Market ETF during the second quarter worth $172,809,000. North Berkeley Wealth Management LLC acquired a new stake in shares of Schwab Government Money Market ETF in the 4th quarter worth $22,568,000. Jane Street Group LLC purchased a new position in shares of Schwab Government Money Market ETF during the 4th quarter worth $10,156,000. Savant Capital LLC raised its holdings in shares of Schwab Government Money Market ETF by 181.6% during the 4th quarter. Savant Capital LLC now owns 95,081 shares of the company’s stock worth $9,554,000 after acquiring an additional 61,315 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Schwab Government Money Market ETF during the 4th quarter valued at about $7,768,000.
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.
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