FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Significant Growth in Short Interest

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 107,865 shares, a growth of 573.1% from the August 15th total of 16,026 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 111,934 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RAVI. Arax Advisory Partners purchased a new stake in shares of FlexShares Ultra-Short Income Fund during the 4th quarter worth approximately $53,000. Bank of America Corp DE purchased a new position in FlexShares Ultra-Short Income Fund in the fourth quarter valued at approximately $53,000. Birchwood Financial Partners Inc. purchased a new position in FlexShares Ultra-Short Income Fund in the fourth quarter valued at approximately $57,000. EverSource Wealth Advisors LLC purchased a new position in FlexShares Ultra-Short Income Fund in the second quarter valued at approximately $85,000. Finally, Bank of Montreal Can grew its holdings in FlexShares Ultra-Short Income Fund by 159.4% during the fourth quarter. Bank of Montreal Can now owns 1,336 shares of the company’s stock valued at $101,000 after purchasing an additional 821 shares during the period.

FlexShares Ultra-Short Income Fund Trading Down 0.0%

NYSEARCA RAVI opened at $75.18 on Friday. FlexShares Ultra-Short Income Fund has a one year low of $74.36 and a one year high of $75.98. The business’s fifty day moving average is $75.27 and its 200-day moving average is $75.31.

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. RAVI was launched on Oct 9, 2012 and is managed by FlexShares.