FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI – Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 2,643 shares, a growth of 3,966.2% from the April 30th total of 65 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 38,746 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of RAVI. Flagship Harbor Advisors LLC acquired a new position in FlexShares Ultra-Short Income Fund in the 4th quarter valued at $38,000. Fifth Third Bancorp acquired a new stake in FlexShares Ultra-Short Income Fund in the 3rd quarter worth $50,000. Arax Advisory Partners acquired a new stake in FlexShares Ultra-Short Income Fund in the 4th quarter worth $53,000. Bank of America Corp DE bought a new position in shares of FlexShares Ultra-Short Income Fund during the 4th quarter worth about $53,000. Finally, Birchwood Financial Partners Inc. bought a new position in shares of FlexShares Ultra-Short Income Fund during the 4th quarter worth about $57,000.
FlexShares Ultra-Short Income Fund Stock Up 0.1%
Shares of NYSEARCA:RAVI traded up $0.04 during mid-day trading on Friday, hitting $75.46. The stock had a trading volume of 12,266 shares, compared to its average volume of 57,570. FlexShares Ultra-Short Income Fund has a 12-month low of $75.09 and a 12-month high of $76.65. The company’s 50 day moving average is $75.32 and its 200-day moving average is $75.40.
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. RAVI was launched on Oct 9, 2012 and is managed by FlexShares.
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