Short Interest in FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Grows By 745.4%

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 22,344 shares, an increase of 745.4% from the May 14th total of 2,643 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 49,943 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of FlexShares Ultra-Short Income Fund

Several large investors have recently made changes to their positions in RAVI. Northern Trust Corp boosted its stake in shares of FlexShares Ultra-Short Income Fund by 7.0% during the 3rd quarter. Northern Trust Corp now owns 15,864,720 shares of the company’s stock worth $1,199,865,000 after acquiring an additional 1,031,985 shares in the last quarter. Jane Street Group LLC grew its holdings in FlexShares Ultra-Short Income Fund by 623.3% in the 2nd quarter. Jane Street Group LLC now owns 52,930 shares of the company’s stock valued at $3,997,000 after buying an additional 45,612 shares during the last quarter. MML Investors Services LLC grew its holdings in FlexShares Ultra-Short Income Fund by 42.3% in the 2nd quarter. MML Investors Services LLC now owns 103,839 shares of the company’s stock valued at $7,841,000 after buying an additional 30,872 shares during the last quarter. Independent Financial Group LLC acquired a new stake in FlexShares Ultra-Short Income Fund in the 1st quarter valued at approximately $1,452,000. Finally, Alliancebernstein L.P. acquired a new stake in FlexShares Ultra-Short Income Fund in the 3rd quarter valued at approximately $1,277,000.

FlexShares Ultra-Short Income Fund Stock Performance

Shares of RAVI traded down $0.01 during trading hours on Wednesday, hitting $75.25. 18,134 shares of the company were exchanged, compared to its average volume of 64,677. The firm’s 50 day moving average is $75.30 and its 200-day moving average is $75.39. FlexShares Ultra-Short Income Fund has a 52 week low of $74.36 and a 52 week high of $76.65.

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.