FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI – Get Free Report) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 10,869 shares, a decrease of 51.4% from the May 31st total of 22,344 shares. Based on an average daily trading volume, of 123,581 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.
FlexShares Ultra-Short Income Fund Stock Performance
Shares of NYSEARCA:RAVI remained flat at $75.42 during midday trading on Tuesday. 68,414 shares of the stock traded hands, compared to its average volume of 63,378. FlexShares Ultra-Short Income Fund has a 12-month low of $74.36 and a 12-month high of $75.98. The business’s 50-day moving average is $75.32 and its 200 day moving average is $75.38.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of RAVI. Flagship Harbor Advisors LLC acquired a new stake in shares of FlexShares Ultra-Short Income Fund in the fourth quarter valued at approximately $38,000. Arax Advisory Partners purchased a new stake in FlexShares Ultra-Short Income Fund in the 4th quarter valued at $53,000. Bank of America Corp DE acquired a new stake in shares of FlexShares Ultra-Short Income Fund in the 4th quarter worth $53,000. Birchwood Financial Partners Inc. purchased a new position in shares of FlexShares Ultra-Short Income Fund during the 4th quarter worth $57,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of FlexShares Ultra-Short Income Fund during the 2nd quarter worth $85,000.
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.
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