Schwab Government Money Market ETF (NYSEARCA:SGVT – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 83,207 shares, a decline of 74.7% from the August 15th total of 328,637 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 230,172 shares, the days-to-cover ratio is currently 0.4 days.
Hedge Funds Weigh In On Schwab Government Money Market ETF
A number of hedge funds have recently made changes to their positions in the stock. Advocacy Wealth Management LLC acquired a new position in shares of Schwab Government Money Market ETF in the 2nd quarter valued at about $172,809,000. North Berkeley Wealth Management LLC acquired a new stake in Schwab Government Money Market ETF during the 4th quarter worth approximately $22,568,000. Jane Street Group LLC purchased a new position in Schwab Government Money Market ETF in the fourth quarter valued at approximately $10,156,000. Tower Research Capital LLC TRC purchased a new position in Schwab Government Money Market ETF in the fourth quarter valued at approximately $7,768,000. Finally, WealthPlan Investment Management LLC acquired a new position in Schwab Government Money Market ETF during the fourth quarter valued at approximately $7,148,000.
Schwab Government Money Market ETF Price Performance
Shares of NYSEARCA SGVT remained flat at $100.60 on Friday. 449,114 shares of the stock were exchanged, compared to its average volume of 259,499. Schwab Government Money Market ETF has a one year low of $100.36 and a one year high of $100.79. The firm’s fifty day moving average is $100.63 and its 200 day moving average is $100.62.
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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