FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Large Volume Increase

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) shares saw an uptick in trading volume on Wednesday . 119,664 shares were traded during trading, an increase of 114% from the previous session’s volume of 55,960 shares.The stock last traded at $75.22 and had previously closed at $75.21.

FlexShares Ultra-Short Income Fund Stock Performance

The business’s 50 day simple moving average is $75.29 and its 200-day simple moving average is $75.18.

Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp grew its holdings in FlexShares Ultra-Short Income Fund by 7.9% during the third quarter. Northern Trust Corp now owns 11,608,070 shares of the company’s stock valued at $871,882,000 after purchasing an additional 846,868 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in FlexShares Ultra-Short Income Fund in the 1st quarter valued at $13,087,000. Cim LLC bought a new position in FlexShares Ultra-Short Income Fund in the 4th quarter worth $4,755,000. Envestnet Asset Management Inc. raised its holdings in FlexShares Ultra-Short Income Fund by 17.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 152,188 shares of the company’s stock worth $11,431,000 after acquiring an additional 22,708 shares during the period. Finally, Silver Oak Securities Incorporated lifted its position in FlexShares Ultra-Short Income Fund by 209.9% during the 4th quarter. Silver Oak Securities Incorporated now owns 23,866 shares of the company’s stock worth $1,791,000 after acquiring an additional 16,165 shares during the last quarter.

FlexShares Ultra-Short Income Fund Company Profile

The FlexShares Ready Access Variable Income Fund (RAVI) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively managed fund that invests in an ultra-short-term portfolio of investment grade public and private debt issued domestically and abroad.