Schwab Government Money Market ETF (NYSEARCA:SGVT) Short Interest Up 127.9% in March

Schwab Government Money Market ETF (NYSEARCA:SGVT) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 54,756 shares, a growth of 127.9% from the February 26th total of 24,027 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 186,737 shares, the short-interest ratio is presently 0.3 days.

Schwab Government Money Market ETF Stock Up 0.0%

Shares of NYSEARCA:SGVT traded up $0.02 during trading on Thursday, hitting $100.68. 294,153 shares of the company’s stock were exchanged, compared to its average volume of 242,573. 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 price of $100.60 and a two-hundred day moving average price of $100.56.

Institutional Investors Weigh In On Schwab Government Money Market ETF

Several hedge funds have recently bought and sold shares of the company. Johnson Financial Group Inc. acquired a new position in shares of Schwab Government Money Market ETF in the 3rd quarter valued at $25,000. GW&K Investment Management LLC bought a new stake in shares of Schwab Government Money Market ETF in the 3rd quarter valued at $26,000. Hartford Financial Management Inc. acquired a new stake in Schwab Government Money Market ETF during the 4th quarter worth $53,000. Harbour Investments Inc. acquired a new stake in Schwab Government Money Market ETF during the 4th quarter worth $62,000. Finally, JPMorgan Chase & Co. bought a new position in Schwab Government Money Market ETF during the third quarter worth about $77,000.

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.