FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Stock Short Interest Jumps 84.6%

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 19,700 shares, a growth of 84.6% from the September 30th total of 10,674 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 71,804 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund

Several large investors have recently made changes to their positions in the stock. Tactive Advisors LLC grew its stake in shares of FlexShares Ultra-Short Income Fund by 54.8% during the 3rd quarter. Tactive Advisors LLC now owns 236,403 shares of the company’s stock worth $17,787,000 after acquiring an additional 83,648 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of FlexShares Ultra-Short Income Fund in the third quarter worth $12,363,000. International Assets Investment Management LLC lifted its position in shares of FlexShares Ultra-Short Income Fund by 47,781.8% in the third quarter. International Assets Investment Management LLC now owns 158,010 shares of the company’s stock worth $11,889,000 after purchasing an additional 157,680 shares in the last quarter. Interactive Financial Advisors Inc. boosted its holdings in FlexShares Ultra-Short Income Fund by 2.6% during the first quarter. Interactive Financial Advisors Inc. now owns 126,541 shares of the company’s stock worth $9,542,000 after purchasing an additional 3,239 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in FlexShares Ultra-Short Income Fund by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 106,670 shares of the company’s stock worth $8,045,000 after purchasing an additional 3,990 shares during the last quarter.

FlexShares Ultra-Short Income Fund Stock Down 0.3%

Shares of FlexShares Ultra-Short Income Fund stock opened at $75.01 on Tuesday. FlexShares Ultra-Short Income Fund has a 12 month low of $74.36 and a 12 month high of $75.63. The business has a fifty day simple moving average of $75.17 and a 200 day simple moving average of $75.31.

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.