FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI – Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 19,700 shares, an increase of 84.6% from the September 30th total of 10,674 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 71,804 shares, the short-interest ratio is currently 0.3 days.
FlexShares Ultra-Short Income Fund Trading Down 0.3%
Shares of NYSEARCA:RAVI traded down $0.25 on Monday, hitting $75.01. The company had a trading volume of 60,751 shares, compared to its average volume of 76,041. FlexShares Ultra-Short Income Fund has a 1 year low of $74.36 and a 1 year high of $75.63. The firm’s 50-day simple moving average is $75.18 and its two-hundred day simple moving average is $75.31.
Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Raab & Moskowitz Asset Management LLC boosted its stake in shares of FlexShares Ultra-Short Income Fund by 2.4% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 8,050 shares of the company’s stock worth $607,000 after acquiring an additional 190 shares during the period. CoreCap Advisors LLC grew 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 valued at $165,000 after buying an additional 224 shares during the last quarter. Royal Bank of Canada increased its stake in FlexShares Ultra-Short Income Fund by 6.8% in the first quarter. Royal Bank of Canada now owns 4,404 shares of the company’s stock worth $332,000 after purchasing an additional 279 shares during the period. Baird Financial Group Inc. lifted its holdings in FlexShares Ultra-Short Income Fund by 2.9% during the 2nd quarter. Baird Financial Group Inc. now owns 29,048 shares of the company’s stock valued at $2,191,000 after buying an additional 820 shares in the last quarter. Finally, Cim LLC boosted its holdings in shares of FlexShares Ultra-Short Income Fund by 1.4% in the first quarter. Cim LLC now owns 78,818 shares of the company’s stock valued at $5,943,000 after purchasing an additional 1,058 shares during the period.
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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