Schwab Government Money Market ETF (NYSEARCA:SGVT – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 328,637 shares, an increase of 368.2% from the July 30th total of 70,193 shares. Based on an average daily volume of 296,180 shares, the days-to-cover ratio is presently 1.1 days. Approximately 3.9% of the shares of the stock are short sold.
Schwab Government Money Market ETF Trading Up 0.0%
SGVT traded up $0.02 on Friday, hitting $100.76. 107,724 shares of the company’s stock were exchanged, compared to its average volume of 254,661. Schwab Government Money Market ETF has a fifty-two week low of $100.30 and a fifty-two week high of $100.79. The firm has a 50-day moving average price of $100.64 and a 200-day moving average price of $100.62.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Advocacy Wealth Management LLC acquired a new position in Schwab Government Money Market ETF in the second quarter valued at about $172,809,000. North Berkeley Wealth Management LLC acquired a new stake in shares of Schwab Government Money Market ETF during the fourth quarter valued at about $22,568,000. Uptick Partners LLC raised its stake in shares of Schwab Government Money Market ETF by 408.9% in the 4th quarter. Uptick Partners LLC now owns 144,540 shares of the company’s stock valued at $14,524,000 after acquiring an additional 116,138 shares during the period. Jane Street Group LLC purchased a new stake in shares of Schwab Government Money Market ETF in the 4th quarter valued at approximately $10,156,000. Finally, Savant Capital LLC raised its stake in shares of Schwab Government Money Market ETF by 181.6% in the 4th quarter. Savant Capital LLC now owns 95,081 shares of the company’s stock valued at $9,554,000 after acquiring an additional 61,315 shares during the period.
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.
See Also
- Five stocks we like better than Schwab Government Money Market ETF
- Okta Stock Surges 29%—Is $200 the Next Stop?
- BWX Technologies’ Army Reactor Win Could Redraw Its Nuclear Growth Story
- Meta’s $18 Billion Settlement May Be a Win for Investors
- Intuit’s Earnings Reset May Be More Pivot Than Plunge
Receive News & Ratings for Schwab Government Money Market ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab Government Money Market ETF and related companies with MarketBeat.com's FREE daily email newsletter.
