FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Short Interest Down 54.4% in August

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 16,026 shares, a drop of 54.4% from the July 30th total of 35,165 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 41,944 shares, the short-interest ratio is currently 0.4 days.

FlexShares Ultra-Short Income Fund Stock Down 0.1%

Shares of RAVI stock traded down $0.05 during mid-day trading on Friday, reaching $75.33. 99,048 shares of the company were exchanged, compared to its average volume of 69,872. The business’s 50 day simple moving average is $75.30 and its 200 day simple moving average is $75.33. FlexShares Ultra-Short Income Fund has a fifty-two week low of $74.36 and a fifty-two week high of $75.98.

Hedge Funds Weigh In On FlexShares Ultra-Short Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of RAVI. Legacy Wealth Managment LLC ID increased its position in FlexShares Ultra-Short Income Fund by 27.6% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 7,511 shares of the company’s stock valued at $566,000 after acquiring an additional 1,623 shares during the period. Beacon Financial Advisory LLC grew its stake in shares of FlexShares Ultra-Short Income Fund by 14.2% in the second quarter. Beacon Financial Advisory LLC now owns 13,892 shares of the company’s stock worth $1,048,000 after purchasing an additional 1,730 shares in the last quarter. Tactive Advisors LLC increased its holdings in shares of FlexShares Ultra-Short Income Fund by 1.0% during the second quarter. Tactive Advisors LLC now owns 152,755 shares of the company’s stock valued at $11,520,000 after purchasing an additional 1,485 shares during the period. Raab & Moskowitz Asset Management LLC increased its holdings in shares of FlexShares Ultra-Short Income Fund by 2.4% during the first quarter. Raab & Moskowitz Asset Management LLC now owns 8,050 shares of the company’s stock valued at $607,000 after purchasing an additional 190 shares during the period. Finally, Cim LLC increased its holdings in shares of FlexShares Ultra-Short Income Fund by 1.4% during the first quarter. Cim LLC now owns 78,818 shares of the company’s stock valued at $5,943,000 after purchasing an additional 1,058 shares during the period.

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.