FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Stock Short Interest Declines 84.0%

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 17,214 shares, a decrease of 84.0% from the August 31st total of 107,865 shares. Based on an average trading volume of 148,616 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund

A number of institutional investors have recently added to or reduced their stakes in RAVI. Independent Financial Group LLC acquired a new position in shares of FlexShares Ultra-Short Income Fund in the 1st quarter worth approximately $1,452,000. Flynn Zito Capital Management LLC bought a new stake in shares of FlexShares Ultra-Short Income Fund in the first quarter worth $222,000. Kestra Advisory Services LLC increased its stake in FlexShares Ultra-Short Income Fund by 12.8% in the 1st quarter. Kestra Advisory Services LLC now owns 14,199 shares of the company’s stock valued at $1,071,000 after buying an additional 1,611 shares during the last quarter. Interactive Financial Advisors Inc. boosted its stake in shares of FlexShares Ultra-Short Income Fund by 2.6% during the 1st quarter. Interactive Financial Advisors Inc. now owns 126,541 shares of the company’s stock worth $9,542,000 after buying an additional 3,239 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC bought a new stake in FlexShares Ultra-Short Income Fund during the first quarter worth about $258,000.

FlexShares Ultra-Short Income Fund Trading Up 0.0%

NYSEARCA:RAVI traded up $0.04 on Friday, hitting $75.22. 223,804 shares of the company’s stock traded hands, compared to its average volume of 75,381. FlexShares Ultra-Short Income Fund has a 1 year low of $74.36 and a 1 year high of $75.98. The firm has a 50-day moving average price of $75.26 and a 200-day moving average price of $75.29.

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.