FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Short Interest Update

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 2,643 shares, a growth of 3,966.2% from the April 30th total of 65 shares. Based on an average daily trading volume, of 38,746 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

FlexShares Ultra-Short Income Fund Price Performance

NYSEARCA:RAVI opened at $75.40 on Thursday. The business’s 50-day simple moving average is $75.32 and its two-hundred day simple moving average is $75.40. FlexShares Ultra-Short Income Fund has a 52 week low of $75.09 and a 52 week high of $76.65.

Institutional Trading of FlexShares Ultra-Short Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp lifted its holdings in FlexShares Ultra-Short Income Fund by 7.0% in the 3rd 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 grew its holdings in FlexShares Ultra-Short Income Fund by 623.3% during the 2nd 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 raised its position in shares of FlexShares Ultra-Short Income Fund by 42.3% during the second quarter. MML Investors Services LLC now owns 103,839 shares of the company’s stock valued at $7,841,000 after buying an additional 30,872 shares during the last quarter. Independent Financial Group LLC bought a new stake in shares of FlexShares Ultra-Short Income Fund during the first quarter valued at approximately $1,452,000. Finally, Alliancebernstein L.P. purchased a new position in shares of FlexShares Ultra-Short Income Fund in the third quarter worth $1,277,000.

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.