FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Short Interest Up 76.6% in July

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 30,665 shares, an increase of 76.6% from the June 30th total of 17,360 shares. Based on an average daily volume of 127,247 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

FlexShares Ultra-Short Income Fund Stock Performance

RAVI traded up $0.07 during trading on Friday, reaching $75.44. The stock had a trading volume of 16,971 shares, compared to its average volume of 68,478. The stock has a 50 day moving average of $75.31 and a two-hundred day moving average of $75.36. FlexShares Ultra-Short Income Fund has a 1-year low of $74.36 and a 1-year high of $75.98.

Institutional Trading of FlexShares Ultra-Short Income Fund

Several institutional investors have recently modified their holdings of the company. Northern Trust Corp boosted its stake in FlexShares Ultra-Short Income Fund by 7.0% during the third quarter. Northern Trust Corp now owns 15,864,720 shares of the company’s stock valued at $1,199,865,000 after buying an additional 1,031,985 shares in the last quarter. Jane Street Group LLC raised its position in FlexShares Ultra-Short Income Fund by 623.3% in the second quarter. Jane Street Group LLC now owns 52,930 shares of the company’s stock worth $3,997,000 after acquiring an additional 45,612 shares in the last quarter. MML Investors Services LLC raised its position in FlexShares Ultra-Short Income Fund by 42.3% in the second quarter. MML Investors Services LLC now owns 103,839 shares of the company’s stock worth $7,841,000 after acquiring an additional 30,872 shares in the last quarter. Independent Financial Group LLC acquired a new stake in FlexShares Ultra-Short Income Fund in the 1st quarter valued at about $1,452,000. Finally, Alliancebernstein L.P. acquired a new stake in FlexShares Ultra-Short Income Fund in the 3rd quarter valued at about $1,277,000.

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.