FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Short Interest Update

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,643 shares, an increase of 3,966.2% from the April 30th total of 65 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 38,746 shares, the days-to-cover ratio is currently 0.1 days.

FlexShares Ultra-Short Income Fund Trading Up 0.0%

NYSEARCA RAVI traded up $0.02 during trading on Wednesday, reaching $75.40. The company’s stock had a trading volume of 37,920 shares, compared to its average volume of 58,451. FlexShares Ultra-Short Income Fund has a twelve month low of $75.09 and a twelve month high of $76.65. The business’s fifty day moving average price is $75.32 and its 200-day moving average price is $75.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RAVI. Flagship Harbor Advisors LLC acquired a new position in shares of FlexShares Ultra-Short Income Fund during the fourth quarter worth about $38,000. Fifth Third Bancorp acquired a new position in shares of FlexShares Ultra-Short Income Fund during the third quarter worth about $50,000. Arax Advisory Partners acquired a new position in shares of FlexShares Ultra-Short Income Fund during the fourth quarter worth about $53,000. Bank of America Corp DE acquired a new position in shares of FlexShares Ultra-Short Income Fund during the fourth quarter worth about $53,000. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of FlexShares Ultra-Short Income Fund during the fourth quarter worth about $57,000.

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. RAVI was launched on Oct 9, 2012 and is managed by FlexShares.