Schwab Government Money Market ETF (NYSEARCA:SGVT) Short Interest Update

Schwab Government Money Market ETF (NYSEARCA:SGVT) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 70,193 shares, a drop of 38.9% from the July 15th total of 114,843 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 255,155 shares, the days-to-cover ratio is currently 0.3 days.

Schwab Government Money Market ETF Stock Up 0.0%

NYSEARCA SGVT traded up $0.01 during trading hours on Tuesday, reaching $100.65. The company’s stock had a trading volume of 160,347 shares, compared to its average volume of 255,853. Schwab Government Money Market ETF has a 1 year low of $100.30 and a 1 year high of $100.79. The firm’s 50-day moving average price is $100.63 and its 200-day moving average price is $100.61.

Hedge Funds Weigh In On Schwab Government Money Market ETF

Hedge funds have recently modified their holdings of the stock. Private Client Services LLC grew its stake in Schwab Government Money Market ETF by 219.7% during the second quarter. Private Client Services LLC now owns 9,527 shares of the company’s stock valued at $960,000 after acquiring an additional 6,547 shares in the last quarter. Claris Financial LLC boosted its holdings in shares of Schwab Government Money Market ETF by 55.8% during the 1st quarter. Claris Financial LLC now owns 6,619 shares of the company’s stock valued at $667,000 after purchasing an additional 2,371 shares during the last quarter. Stone Loft Wealth Management LLC purchased a new position in shares of Schwab Government Money Market ETF during the first quarter valued at about $1,343,000. Sanctuary Advisors LLC grew its position in shares of Schwab Government Money Market ETF by 338.2% during the first quarter. Sanctuary Advisors LLC now owns 10,126 shares of the company’s stock valued at $1,020,000 after purchasing an additional 7,815 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its position in shares of Schwab Government Money Market ETF by 5.4% during the first quarter. Bleakley Financial Group LLC now owns 17,845 shares of the company’s stock valued at $1,797,000 after purchasing an additional 921 shares in the last quarter.

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.