FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 16,026 shares, a drop of 54.4% from the July 30th total of 35,165 shares. Based on an average daily volume of 41,944 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.
FlexShares Ultra-Short Income Fund Price Performance
NYSEARCA:RAVI traded down $0.05 on Friday, reaching $75.33. The stock had a trading volume of 99,048 shares, compared to its average volume of 69,872. FlexShares Ultra-Short Income Fund has a 1-year low of $74.36 and a 1-year high of $75.98. The stock has a fifty day moving average price of $75.30 and a 200-day moving average price of $75.33.
Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund
A number of large investors have recently bought and sold shares of RAVI. Arax Advisory Partners acquired a new position in FlexShares Ultra-Short Income Fund in the fourth quarter worth $53,000. Bank of America Corp DE bought a new position in shares of FlexShares Ultra-Short Income Fund in the fourth quarter valued at about $53,000. Birchwood Financial Partners Inc. acquired a new position in FlexShares Ultra-Short Income Fund during the 4th quarter worth about $57,000. EverSource Wealth Advisors LLC acquired a new position in FlexShares Ultra-Short Income Fund during the 2nd quarter worth about $85,000. Finally, Bank of Montreal Can grew its holdings in FlexShares Ultra-Short Income Fund by 159.4% during the 4th quarter. Bank of Montreal Can now owns 1,336 shares of the company’s stock worth $101,000 after acquiring an additional 821 shares during the last quarter.
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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