FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 16,026 shares, a decrease of 54.4% from the July 30th total of 35,165 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 41,944 shares, the short-interest ratio is presently 0.4 days.
FlexShares Ultra-Short Income Fund Price Performance
NYSEARCA RAVI traded down $0.05 on Friday, reaching $75.33. The company’s stock had a trading volume of 99,048 shares, compared to its average volume of 69,872. FlexShares Ultra-Short Income Fund has a twelve month low of $74.36 and a twelve month high of $75.98. The firm’s 50 day moving average is $75.30 and its two-hundred day moving average is $75.33.
Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund
A number of large investors have recently made changes to their positions in the company. Legacy Wealth Managment LLC ID grew its position in FlexShares Ultra-Short Income Fund by 27.6% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 7,511 shares of the company’s stock worth $566,000 after purchasing an additional 1,623 shares in the last quarter. Beacon Financial Advisory LLC lifted its holdings in shares of FlexShares Ultra-Short Income Fund by 14.2% in the second quarter. Beacon Financial Advisory LLC now owns 13,892 shares of the company’s stock valued at $1,048,000 after purchasing an additional 1,730 shares in the last quarter. Tactive Advisors LLC lifted its holdings in shares of FlexShares Ultra-Short Income Fund by 1.0% in the second quarter. Tactive Advisors LLC now owns 152,755 shares of the company’s stock valued at $11,520,000 after purchasing an additional 1,485 shares in the last quarter. Raab & Moskowitz Asset Management LLC boosted its position in shares of FlexShares Ultra-Short Income Fund by 2.4% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 8,050 shares of the company’s stock worth $607,000 after buying an additional 190 shares during the period. Finally, Cim LLC boosted its position in shares of FlexShares Ultra-Short Income Fund by 1.4% in the first quarter. Cim LLC now owns 78,818 shares of the company’s stock worth $5,943,000 after buying an additional 1,058 shares during the period.
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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