FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 22,344 shares, an increase of 745.4% from the May 14th total of 2,643 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 49,943 shares, the short-interest ratio is presently 0.4 days.
FlexShares Ultra-Short Income Fund Trading Up 0.0%
RAVI stock traded up $0.02 during midday trading on Thursday, reaching $75.27. 55,143 shares of the company’s stock traded hands, compared to its average volume of 64,710. FlexShares Ultra-Short Income Fund has a fifty-two week low of $74.36 and a fifty-two week high of $76.65. The business has a 50-day moving average price of $75.30 and a two-hundred day moving average price of $75.39.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in shares of FlexShares Ultra-Short Income Fund during the fourth quarter worth $53,000. Jane Street Group LLC acquired a new position in shares of FlexShares Ultra-Short Income Fund during the first quarter worth $553,000. Creative Planning acquired a new position in shares of FlexShares Ultra-Short Income Fund during the second quarter worth $370,000. EverSource Wealth Advisors LLC acquired a new position in shares of FlexShares Ultra-Short Income Fund during the second quarter worth $85,000. Finally, Raymond James Financial Inc. acquired a new position in shares of FlexShares Ultra-Short Income Fund during the second quarter worth $101,000.
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. RAVI was launched on Oct 9, 2012 and is managed by FlexShares.
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