Schwab Government Money Market ETF (NYSEARCA:SGVT) Short Interest Down 68.6% in April

Schwab Government Money Market ETF (NYSEARCA:SGVT) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 18,004 shares, a decrease of 68.6% from the March 31st total of 57,358 shares. Based on an average daily volume of 324,677 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are sold short.

Schwab Government Money Market ETF Price Performance

SGVT stock traded up $0.01 during mid-day trading on Monday, hitting $100.73. The stock had a trading volume of 143,384 shares, compared to its average volume of 261,910. Schwab Government Money Market ETF has a 52 week low of $100.01 and a 52 week high of $100.77. The firm has a fifty day simple moving average of $100.61 and a 200 day simple moving average of $100.58.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Worth Asset Management LLC lifted its stake in Schwab Government Money Market ETF by 216.5% during the first quarter. Worth Asset Management LLC now owns 27,573 shares of the company’s stock worth $2,777,000 after purchasing an additional 18,860 shares during the last quarter. Robbins Farley bought a new position in shares of Schwab Government Money Market ETF in the 1st quarter valued at $60,000. Claris Financial LLC acquired a new position in shares of Schwab Government Money Market ETF during the 4th quarter worth $427,000. Tower Research Capital LLC TRC acquired a new position in shares of Schwab Government Money Market ETF during the 4th quarter worth $7,768,000. Finally, Jane Street Group LLC bought a new stake in shares of Schwab Government Money Market ETF during the 4th quarter worth $10,156,000.

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.