Schwab Government Money Market ETF (NYSEARCA:SGVT) Short Interest Up 101.8% in July

Schwab Government Money Market ETF (NYSEARCA:SGVT) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 114,843 shares, a growth of 101.8% from the June 30th total of 56,914 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 211,623 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Almanack Investment Partners LLC. bought a new stake in shares of Schwab Government Money Market ETF during the fourth quarter worth approximately $654,000. Bleakley Financial Group LLC bought a new position in shares of Schwab Government Money Market ETF during the fourth quarter worth approximately $1,701,000. Csenge Advisory Group bought a new position in shares of Schwab Government Money Market ETF during the fourth quarter worth approximately $617,000. Worth Asset Management LLC lifted its holdings in Schwab Government Money Market ETF by 216.5% during the 1st quarter. Worth Asset Management LLC now owns 27,573 shares of the company’s stock worth $2,777,000 after purchasing an additional 18,860 shares during the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new stake in Schwab Government Money Market ETF during the 4th quarter worth approximately $1,047,000.

Schwab Government Money Market ETF Stock Performance

Shares of NYSEARCA SGVT traded up $0.01 during mid-day trading on Thursday, reaching $100.76. 380,135 shares of the company were exchanged, compared to its average volume of 253,665. The company’s 50-day simple moving average is $100.63 and its 200-day simple moving average is $100.62. Schwab Government Money Market ETF has a twelve month low of $100.16 and a twelve month high of $100.77.

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.