FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Stock Short Interest Declines 38.0%

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 10,674 shares, a decline of 38.0% from the September 15th total of 17,214 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 100,796 shares, the days-to-cover ratio is currently 0.1 days.

FlexShares Ultra-Short Income Fund Stock Performance

Shares of NYSEARCA RAVI traded up $0.03 during midday trading on Friday, reaching $75.14. 102,715 shares of the company were exchanged, compared to its average volume of 75,659. FlexShares Ultra-Short Income Fund has a 1 year low of $74.36 and a 1 year high of $75.65. The stock has a fifty day simple moving average of $75.19 and a 200 day simple moving average of $75.26.

Hedge Funds Weigh In On FlexShares Ultra-Short Income Fund

Several institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in shares of FlexShares Ultra-Short Income Fund in the 1st quarter worth $113,000. CoreCap Advisors LLC increased its stake in shares of FlexShares Ultra-Short Income Fund by 11.4% during the third quarter. CoreCap Advisors LLC now owns 2,196 shares of the company’s stock worth $165,000 after acquiring an additional 224 shares during the period. Flynn Zito Capital Management LLC purchased a new position in FlexShares Ultra-Short Income Fund during the first quarter worth about $222,000. Farther Finance Advisors LLC raised its holdings in FlexShares Ultra-Short Income Fund by 248.8% during the third quarter. Farther Finance Advisors LLC now owns 2,961 shares of the company’s stock worth $223,000 after purchasing an additional 2,112 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC purchased a new position in FlexShares Ultra-Short Income Fund during the first quarter worth about $258,000.

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.