Short Interest in FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Drops By 51.4%

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 10,869 shares, a decline of 51.4% from the May 31st total of 22,344 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 123,581 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund

Large investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new position in FlexShares Ultra-Short Income Fund during the 4th quarter worth $38,000. Arax Advisory Partners bought a new position in FlexShares Ultra-Short Income Fund in the fourth quarter valued at about $53,000. Bank of America Corp DE acquired a new stake in FlexShares Ultra-Short Income Fund in the fourth quarter worth about $53,000. Birchwood Financial Partners Inc. acquired a new stake in FlexShares Ultra-Short Income Fund in the fourth quarter worth about $57,000. Finally, EverSource Wealth Advisors LLC bought a new stake in FlexShares Ultra-Short Income Fund during the 2nd quarter worth about $85,000.

FlexShares Ultra-Short Income Fund Trading Down 0.3%

Shares of RAVI stock traded down $0.24 during mid-day trading on Wednesday, reaching $75.18. The company’s stock had a trading volume of 75,823 shares, compared to its average volume of 64,850. The firm’s 50-day moving average is $75.32 and its two-hundred day moving average is $75.38. FlexShares Ultra-Short Income Fund has a 1-year low of $74.36 and a 1-year high of $75.98.

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.