Short Interest in Schwab Government Money Market ETF (NYSEARCA:SGVT) Grows By 291.6%

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 13th, there was short interest totaling 19,150 shares, an increase of 291.6% from the January 29th total of 4,890 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 215,630 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 215,630 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the company’s stock are sold short.

Schwab Government Money Market ETF Trading Up 0.0%

NYSEARCA:SGVT traded up $0.01 during trading hours on Thursday, reaching $100.67. 49,926 shares of the stock were exchanged, compared to its average volume of 230,376. The firm has a 50 day simple moving average of $100.57 and a 200-day simple moving average of $100.53. Schwab Government Money Market ETF has a 52 week low of $100.01 and a 52 week high of $100.77.

Hedge Funds Weigh In On Schwab Government Money Market ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Able Wealth Management LLC acquired a new position in Schwab Government Money Market ETF in the third quarter valued at approximately $1,000,000. Uptick Partners LLC bought a new stake in shares of Schwab Government Money Market ETF in the 3rd quarter worth approximately $2,858,000. Encompass More Asset Management acquired a new position in Schwab Government Money Market ETF during the 3rd quarter valued at approximately $4,867,000. Savant Capital LLC bought a new position in Schwab Government Money Market ETF during the 3rd quarter worth $3,398,000. Finally, Golden State Equity Partners acquired a new stake in Schwab Government Money Market ETF in the third quarter worth $589,000.

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.