FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Unusually-High Trading Volume – Here’s Why

Shares of FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw strong trading volume on Wednesday . 142,448 shares traded hands during mid-day trading, an increase of 69% from the previous session’s volume of 84,315 shares.The stock last traded at $75.28 and had previously closed at $75.29.

FlexShares Ultra-Short Income Fund Trading Down 0.1 %

The company has a fifty day moving average price of $75.40 and a two-hundred day moving average price of $75.38.

Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund

A number of institutional investors have recently bought and sold shares of RAVI. Principal Securities Inc. boosted its position in shares of FlexShares Ultra-Short Income Fund by 50.0% during the 4th quarter. Principal Securities Inc. now owns 450 shares of the company’s stock valued at $34,000 after acquiring an additional 150 shares in the last quarter. Auour Investments LLC raised its holdings in shares of FlexShares Ultra-Short Income Fund by 1.3% in the 4th quarter. Auour Investments LLC now owns 15,165 shares of the company’s stock worth $1,145,000 after buying an additional 190 shares in the last quarter. Keynote Financial Services LLC lifted its position in shares of FlexShares Ultra-Short Income Fund by 9.8% during the 4th quarter. Keynote Financial Services LLC now owns 2,979 shares of the company’s stock worth $224,000 after buying an additional 265 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in FlexShares Ultra-Short Income Fund in the 4th quarter valued at $25,000. Finally, Bank of America Corp DE bought a new stake in FlexShares Ultra-Short Income Fund in the fourth quarter valued at $53,000.

About FlexShares Ultra-Short Income Fund

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.