Short Interest in Schwab Government Money Market ETF (NYSEARCA:SGVT) Declines By 38.9%

Schwab Government Money Market ETF (NYSEARCA:SGVT) was the target of a large drop in short interest in 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. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 255,155 shares, the days-to-cover ratio is presently 0.3 days.

Schwab Government Money Market ETF Stock Up 0.0%

Shares of SGVT traded up $0.01 during mid-day trading on Tuesday, hitting $100.65. 160,347 shares of the stock were exchanged, compared to its average volume of 255,853. Schwab Government Money Market ETF has a 52-week low of $100.30 and a 52-week high of $100.79. The firm has a 50-day moving average of $100.63 and a two-hundred day moving average of $100.61.

Institutional Investors Weigh In On Schwab Government Money Market ETF

Large investors have recently bought and sold shares of the business. North Berkeley Wealth Management LLC purchased a new position in shares of Schwab Government Money Market ETF in the 4th quarter worth $22,568,000. Uptick Partners LLC increased its stake in Schwab Government Money Market ETF by 408.9% during the fourth quarter. Uptick Partners LLC now owns 144,540 shares of the company’s stock worth $14,524,000 after acquiring an additional 116,138 shares during the last quarter. Jane Street Group LLC bought a new stake in Schwab Government Money Market ETF during the fourth quarter worth approximately $10,156,000. Addison Capital Co purchased a new stake in Schwab Government Money Market ETF during the fourth quarter valued at approximately $9,149,000. Finally, Tower Research Capital LLC TRC purchased a new stake in Schwab Government Money Market ETF during the fourth quarter valued at approximately $7,768,000.

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.