Short Interest in Schwab Government Money Market ETF (NYSEARCA:SGVT) Grows By 178.7%

Schwab Government Money Market ETF (NYSEARCA:SGVT) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 132,115 shares, an increase of 178.7% from the December 31st total of 47,399 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average daily trading volume, of 266,169 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 266,169 shares, the days-to-cover ratio is presently 0.5 days. Currently, 2.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SGVT. Able Wealth Management LLC purchased a new stake in Schwab Government Money Market ETF during the 3rd quarter valued at approximately $1,000,000. Encompass More Asset Management purchased a new position in shares of Schwab Government Money Market ETF in the third quarter worth $4,867,000. MGO One Seven LLC purchased a new position in shares of Schwab Government Money Market ETF in the third quarter worth $3,340,000. Golden State Equity Partners bought a new position in shares of Schwab Government Money Market ETF during the third quarter worth $589,000. Finally, Spinnaker Investment Group LLC purchased a new position in Schwab Government Money Market ETF during the third quarter valued at $1,306,000.

Schwab Government Money Market ETF Price Performance

SGVT stock opened at $100.77 on Friday. Schwab Government Money Market ETF has a 1 year low of $100.01 and a 1 year high of $100.77. The firm has a 50-day moving average of $100.58 and a 200 day moving average of $100.50.

About Schwab Government Money Market ETF

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.