Schwab Government Money Market ETF (NYSEARCA:SGVT – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 83,207 shares, a drop of 74.7% from the August 15th total of 328,637 shares. Based on an average trading volume of 230,172 shares, the short-interest ratio is presently 0.4 days. Approximately 1.0% of the company’s shares are short sold.
Schwab Government Money Market ETF Stock Performance
Schwab Government Money Market ETF stock remained flat at $100.60 during trading on Friday. 449,114 shares of the company were exchanged, compared to its average volume of 259,499. Schwab Government Money Market ETF has a 12-month low of $100.36 and a 12-month high of $100.79. The business’s 50-day simple moving average is $100.63 and its 200-day simple moving average is $100.62.
Institutional Investors Weigh In On Schwab Government Money Market ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. Advocacy Wealth Management LLC acquired a new stake in Schwab Government Money Market ETF in the second quarter valued at approximately $172,809,000. North Berkeley Wealth Management LLC purchased a new position in shares of Schwab Government Money Market ETF in the fourth quarter valued at $22,568,000. Jane Street Group LLC purchased a new position in shares of Schwab Government Money Market ETF in the fourth quarter valued at $10,156,000. Savant Capital LLC grew its holdings in Schwab Government Money Market ETF by 181.6% during the 4th quarter. Savant Capital LLC now owns 95,081 shares of the company’s stock valued at $9,554,000 after purchasing an additional 61,315 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in Schwab Government Money Market ETF during the 4th quarter worth $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.
Featured Stories
- Five stocks we like better than Schwab Government Money Market ETF
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for Schwab Government Money Market ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab Government Money Market ETF and related companies with MarketBeat.com's FREE daily email newsletter.
