FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Strong Trading Volume

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) shares saw an uptick in trading volume on Thursday . 30,585 shares were traded during mid-day trading, a decline of 46% from the previous session’s volume of 57,049 shares.The stock last traded at $75.42 and had previously closed at $75.41.

FlexShares Ultra-Short Income Fund Price Performance

The stock’s 50-day simple moving average is $75.33 and its 200 day simple moving average is $75.26.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RAVI. Northern Trust Corp increased its stake in FlexShares Ultra-Short Income Fund by 5.9% during the fourth quarter. Northern Trust Corp now owns 12,290,920 shares of the company’s stock worth $922,206,000 after purchasing an additional 682,850 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of FlexShares Ultra-Short Income Fund during the first quarter worth approximately $13,087,000. Cim LLC purchased a new stake in shares of FlexShares Ultra-Short Income Fund during the fourth quarter worth approximately $4,755,000. Envestnet Asset Management Inc. increased its stake in shares of FlexShares Ultra-Short Income Fund by 17.5% during the third quarter. Envestnet Asset Management Inc. now owns 152,188 shares of the company’s stock worth $11,431,000 after buying an additional 22,708 shares during the period. Finally, Silver Oak Securities Incorporated increased its stake in shares of FlexShares Ultra-Short Income Fund by 209.9% during the fourth quarter. Silver Oak Securities Incorporated now owns 23,866 shares of the company’s stock worth $1,791,000 after buying an additional 16,165 shares during the period.

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.