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

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

Schwab Government Money Market ETF Stock Performance

Shares of NYSEARCA SGVT traded up $0.03 during mid-day trading on Friday, hitting $100.61. 338,515 shares of the stock were exchanged, compared to its average volume of 256,797. The stock’s fifty day simple moving average is $100.62 and its two-hundred day simple moving average is $100.59. Schwab Government Money Market ETF has a twelve month low of $100.02 and a twelve month high of $100.77.

Institutional Trading of Schwab Government Money Market ETF

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

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.