FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI – Get Free Report) was the recipient of a significant increase in short interest in 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. Based on an average daily trading volume, of 127,247 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are short sold.
Hedge Funds Weigh In On FlexShares Ultra-Short Income Fund
Institutional investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new position in FlexShares Ultra-Short Income Fund in the 4th quarter valued at about $38,000. Arax Advisory Partners acquired a new stake in shares of FlexShares Ultra-Short Income Fund during the 4th quarter worth approximately $53,000. Bank of America Corp DE acquired a new stake in shares of FlexShares Ultra-Short Income Fund during the 4th quarter worth approximately $53,000. Birchwood Financial Partners Inc. purchased a new stake in shares of FlexShares Ultra-Short Income Fund during the 4th quarter valued at approximately $57,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of FlexShares Ultra-Short Income Fund during the 2nd quarter valued at approximately $85,000.
FlexShares Ultra-Short Income Fund Stock Up 0.1%
Shares of RAVI traded up $0.07 during midday trading on Friday, reaching $75.44. The company had a trading volume of 16,971 shares, compared to its average volume of 68,478. FlexShares Ultra-Short Income Fund has a 1-year low of $74.36 and a 1-year high of $75.98. The firm has a 50 day simple moving average of $75.31 and a 200-day simple 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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