FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Trading Up 0% – Time to Buy?

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) were up 0% during mid-day trading on Thursday . The stock traded as high as $75.49 and last traded at $75.49. Approximately 67,626 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 71,451 shares. The stock had previously closed at $75.48.

FlexShares Ultra-Short Income Fund Price Performance

The firm has a 50-day simple moving average of $75.40 and a 200 day simple moving average of $75.38.

Institutional Trading of FlexShares Ultra-Short Income Fund

Hedge funds have recently made changes to their positions in the company. Cim LLC increased its position in shares of FlexShares Ultra-Short Income Fund by 1.8% during the fourth quarter. Cim LLC now owns 70,597 shares of the company’s stock worth $5,307,000 after acquiring an additional 1,220 shares during the last quarter. XY Planning Network Inc. purchased a new stake in FlexShares Ultra-Short Income Fund during the 4th quarter worth approximately $452,000. Bank of America Corp DE acquired a new position in shares of FlexShares Ultra-Short Income Fund in the 4th quarter valued at approximately $53,000. Northern Trust Corp boosted its stake in shares of FlexShares Ultra-Short Income Fund by 10.2% during the 4th quarter. Northern Trust Corp now owns 13,511,678 shares of the company’s stock valued at $1,015,686,000 after buying an additional 1,253,819 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of FlexShares Ultra-Short Income Fund by 48.0% during the 4th quarter. Stifel Financial Corp now owns 8,355 shares of the company’s stock valued at $628,000 after buying an additional 2,708 shares during the last quarter.

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.