FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI – Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 30,665 shares, an increase of 76.6% from the June 30th total of 17,360 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 127,247 shares, the short-interest ratio is presently 0.2 days.
Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund
A number of institutional investors have recently modified their holdings of RAVI. Northern Trust Corp grew its stake in FlexShares Ultra-Short Income Fund by 7.0% in the third quarter. Northern Trust Corp now owns 15,864,720 shares of the company’s stock worth $1,199,865,000 after purchasing an additional 1,031,985 shares in the last quarter. Jane Street Group LLC raised its stake in FlexShares Ultra-Short Income Fund by 623.3% during the second quarter. Jane Street Group LLC now owns 52,930 shares of the company’s stock valued at $3,997,000 after buying an additional 45,612 shares in the last quarter. MML Investors Services LLC lifted its holdings in FlexShares Ultra-Short Income Fund by 42.3% during the 2nd quarter. MML Investors Services LLC now owns 103,839 shares of the company’s stock worth $7,841,000 after buying an additional 30,872 shares during the last quarter. 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. Finally, Alliancebernstein L.P. acquired a new position in shares of FlexShares Ultra-Short Income Fund in the 3rd quarter worth approximately $1,277,000.
FlexShares Ultra-Short Income Fund Price Performance
RAVI remained flat at $75.37 during trading on Thursday. 37,880 shares of the company traded hands, compared to its average volume of 68,837. FlexShares Ultra-Short Income Fund has a 1 year low of $74.36 and a 1 year high of $75.98. The stock has a fifty day moving average of $75.31 and a 200-day moving average of $75.36.
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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