Schwab Government Money Market ETF (NYSEARCA:SGVT) Shares Shorted: Short Interest Up 122.2% in October

by · The Cerbat Gem

Schwab Government Money Market ETF (NYSEARCA:SGVT – Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 74,904 shares, an increase of 122.2% from the September 30th total of 33,704 shares. Based on an average daily trading volume, of 317,243 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. JNBA Financial Advisors acquired a new position in Schwab Government Money Market ETF during the second quarter valued at $59,000. Integrated Wealth Concepts LLC acquired a new stake in Schwab Government Money Market ETF during the 2nd quarter worth about $63,000. Bangor Savings Bank acquired a new stake in Schwab Government Money Market ETF during the 3rd quarter worth about $121,000. Verisail Partners LLC acquired a new stake in Schwab Government Money Market ETF during the 3rd quarter worth about $210,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in Schwab Government Money Market ETF during the 3rd quarter worth about $223,000.

Schwab Government Money Market ETF Stock Performance

SGVT traded up $0.04 during trading on Friday, reaching $100.82. 301,843 shares of the company’s stock were exchanged, compared to its average volume of 266,947. Schwab Government Money Market ETF has a 1 year low of $100.37 and a 1 year high of $100.82. The company’s fifty day simple moving average is $100.66 and its 200-day simple moving average is $100.63.

About Schwab Government Money Market ETF

(Get Free Report)

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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