FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Shares Shorted: Short Interest Down 38.0% in September

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 10,674 shares, a drop of 38.0% from the September 15th total of 17,214 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 100,796 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On FlexShares Ultra-Short Income Fund

Several institutional investors and hedge funds have recently modified their holdings of RAVI. Tactive Advisors LLC boosted its position in FlexShares Ultra-Short Income Fund by 54.8% during the third quarter. Tactive Advisors LLC now owns 236,403 shares of the company’s stock worth $17,787,000 after acquiring an additional 83,648 shares during the last quarter. Independent Financial Group LLC purchased a new stake in shares of FlexShares Ultra-Short Income Fund in the first quarter valued at $1,452,000. Boltwood Capital Management purchased a new stake in shares of FlexShares Ultra-Short Income Fund in the third quarter valued at $1,381,000. Gateway Wealth Partners LLC purchased a new stake in shares of FlexShares Ultra-Short Income Fund in the first quarter valued at $318,000. Finally, Envestnet Asset Management Inc. increased its stake in FlexShares Ultra-Short Income Fund by 3.9% in the second quarter. Envestnet Asset Management Inc. now owns 106,670 shares of the company’s stock valued at $8,045,000 after purchasing an additional 3,990 shares during the last quarter.

FlexShares Ultra-Short Income Fund Trading Up 0.0%

FlexShares Ultra-Short Income Fund stock traded up $0.03 during midday trading on Friday, reaching $75.14. 102,715 shares of the company were exchanged, compared to its average volume of 75,659. The firm’s 50-day simple moving average is $75.19 and its 200-day simple moving average is $75.26. FlexShares Ultra-Short Income Fund has a 1 year low of $74.36 and a 1 year high of $75.65.

About FlexShares Ultra-Short Income Fund

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.