FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Large Volume Increase – Time to Buy?

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) shares saw an uptick in trading volume on Thursday . 242,077 shares were traded during mid-day trading, an increase of 258% from the previous session’s volume of 67,569 shares.The stock last traded at $75.53 and had previously closed at $75.50.

FlexShares Ultra-Short Income Fund Price Performance

The stock has a 50-day moving average of $75.49 and a 200-day moving average of $75.44.

Hedge Funds Weigh In On FlexShares Ultra-Short Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in RAVI. Susquehanna International Group LLP bought a new position in FlexShares Ultra-Short Income Fund during the 3rd quarter worth $261,000. Northern Trust Corp lifted its position in shares of FlexShares Ultra-Short Income Fund by 7.0% during the 3rd quarter. Northern Trust Corp now owns 15,864,720 shares of the company’s stock worth $1,199,865,000 after buying an additional 1,031,985 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in FlexShares Ultra-Short Income Fund in the third quarter valued at about $1,277,000. Creative Planning grew its position in FlexShares Ultra-Short Income Fund by 54.7% in the third quarter. Creative Planning now owns 7,587 shares of the company’s stock valued at $574,000 after acquiring an additional 2,682 shares during the last quarter. Finally, Cim LLC raised its stake in FlexShares Ultra-Short Income Fund by 1.4% during the third quarter. Cim LLC now owns 74,502 shares of the company’s stock worth $5,635,000 after acquiring an additional 1,006 shares in 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.