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

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw a significant growth in short interest in the month of 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 days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

FlexShares Ultra-Short Income Fund Trading Up 0.0%

RAVI traded up $0.02 on Wednesday, hitting $75.40. 37,920 shares of the company were exchanged, compared to its average volume of 58,451. The business’s fifty day moving average is $75.32 and its 200 day moving average is $75.40. FlexShares Ultra-Short Income Fund has a fifty-two week low of $75.09 and a fifty-two week high of $76.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp grew its position in FlexShares Ultra-Short Income Fund by 7.0% during the third quarter. Northern Trust Corp now owns 15,864,720 shares of the company’s stock worth $1,199,865,000 after buying an additional 1,031,985 shares during the period. Tactive Advisors LLC grew its position in FlexShares Ultra-Short Income Fund by 7.9% during the first quarter. Tactive Advisors LLC now owns 151,270 shares of the company’s stock worth $11,407,000 after buying an additional 11,114 shares during the period. Envestnet Asset Management Inc. grew its position in FlexShares Ultra-Short Income Fund by 1.5% during the third quarter. Envestnet Asset Management Inc. now owns 145,281 shares of the company’s stock worth $10,988,000 after buying an additional 2,081 shares during the period. Interactive Financial Advisors Inc. grew its position 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 buying an additional 3,239 shares during the period. Finally, LPL Financial LLC grew its position in FlexShares Ultra-Short Income Fund by 4.6% during the fourth quarter. LPL Financial LLC now owns 122,258 shares of the company’s stock worth $9,215,000 after buying an additional 5,379 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.