FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI – Get Free Report) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 17,214 shares, a decrease of 84.0% from the August 31st total of 107,865 shares. Based on an average daily volume of 148,616 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.
Institutional Trading of FlexShares Ultra-Short Income Fund
A number of institutional investors and hedge funds have recently made changes to their positions in RAVI. Raab & Moskowitz Asset Management LLC boosted its position in FlexShares Ultra-Short Income Fund by 2.4% in the 1st quarter. Raab & Moskowitz Asset Management LLC now owns 8,050 shares of the company’s stock valued at $607,000 after buying an additional 190 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of FlexShares Ultra-Short Income Fund by 2.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 10,179 shares of the company’s stock worth $767,000 after acquiring an additional 215 shares during the last quarter. Royal Bank of Canada increased its position in shares of FlexShares Ultra-Short Income Fund by 6.8% during the first quarter. Royal Bank of Canada now owns 4,404 shares of the company’s stock worth $332,000 after acquiring an additional 279 shares during the last quarter. Auour Investments LLC lifted its stake in shares of FlexShares Ultra-Short Income Fund by 2.7% in the first quarter. Auour Investments LLC now owns 15,479 shares of the company’s stock worth $1,167,000 after acquiring an additional 414 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of FlexShares Ultra-Short Income Fund by 2.9% in the second quarter. Baird Financial Group Inc. now owns 29,048 shares of the company’s stock worth $2,191,000 after acquiring an additional 820 shares in the last quarter.
FlexShares Ultra-Short Income Fund Price Performance
NYSEARCA:RAVI traded up $0.04 during trading hours on Friday, reaching $75.22. 223,804 shares of the company traded hands, compared to its average volume of 75,381. FlexShares Ultra-Short Income Fund has a 1-year low of $74.36 and a 1-year high of $75.98. The firm’s 50-day moving average is $75.26 and its 200-day moving average is $75.29.
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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