FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Unusually-High Trading Volume

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) shares saw an uptick in trading volume on Thursday . 70,077 shares changed hands during mid-day trading, an increase of 26% from the previous session’s volume of 55,452 shares.The stock last traded at $75.16 and had previously closed at $75.14.

FlexShares Ultra-Short Income Fund Price Performance

The company’s 50 day simple moving average is $75.30 and its two-hundred day simple moving average is $75.17.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RAVI. Auour Investments LLC raised its holdings in FlexShares Ultra-Short Income Fund by 1.1% in the 1st quarter. Auour Investments LLC now owns 14,599 shares of the company’s stock worth $1,101,000 after acquiring an additional 152 shares during the period. J.W. Cole Advisors Inc. bought a new position in FlexShares Ultra-Short Income Fund in the 1st quarter worth $1,000,000. Greenleaf Trust raised its holdings in FlexShares Ultra-Short Income Fund by 50.5% in the 1st quarter. Greenleaf Trust now owns 14,444 shares of the company’s stock worth $1,090,000 after acquiring an additional 4,846 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in FlexShares Ultra-Short Income Fund in the 1st quarter worth $13,087,000. Finally, Cim LLC bought a new position in FlexShares Ultra-Short Income Fund in the 4th quarter worth $4,755,000.

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.