FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Stock Short Interest Report for October

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 19,700 shares, a growth of 84.6% from the September 30th total of 10,674 shares. Based on an average daily volume of 71,804 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

FlexShares Ultra-Short Income Fund Trading Up 0.0%

Shares of NYSEARCA:RAVI opened at $75.26 on Friday. The firm has a fifty day moving average price of $75.18 and a 200 day moving average price of $75.31. FlexShares Ultra-Short Income Fund has a 1-year low of $74.36 and a 1-year high of $75.64.

Hedge Funds Weigh In On FlexShares Ultra-Short Income Fund

A number of institutional investors have recently made changes to their positions in RAVI. International Assets Investment Management LLC lifted its holdings in FlexShares Ultra-Short Income Fund by 47,781.8% in the third quarter. International Assets Investment Management LLC now owns 158,010 shares of the company’s stock worth $11,889,000 after acquiring an additional 157,680 shares during the last quarter. Tactive Advisors LLC raised its holdings in FlexShares Ultra-Short Income Fund by 54.8% during the 3rd quarter. Tactive Advisors LLC now owns 236,403 shares of the company’s stock worth $17,787,000 after buying an additional 83,648 shares during the period. Independent Financial Group LLC acquired a new position in FlexShares Ultra-Short Income Fund in the 1st quarter worth approximately $1,452,000. Boltwood Capital Management purchased a new position in shares of FlexShares Ultra-Short Income Fund during the third quarter valued at $1,381,000. Finally, IFP Advisors Inc purchased a new position in FlexShares Ultra-Short Income Fund during the 3rd quarter valued at about $342,000.

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.