FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Significant Increase in Short Interest

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 22,344 shares, a growth of 745.4% from the May 14th total of 2,643 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 49,943 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of FlexShares Ultra-Short Income Fund

A number of large investors have recently made changes to their positions in RAVI. Northern Trust Corp raised its stake in FlexShares Ultra-Short Income Fund by 7.0% in the 3rd quarter. Northern Trust Corp now owns 15,864,720 shares of the company’s stock valued at $1,199,865,000 after purchasing an additional 1,031,985 shares during the last quarter. Tactive Advisors LLC raised its stake in FlexShares Ultra-Short Income Fund by 7.9% in the 1st quarter. Tactive Advisors LLC now owns 151,270 shares of the company’s stock valued at $11,407,000 after purchasing an additional 11,114 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in FlexShares Ultra-Short Income Fund by 1.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 145,281 shares of the company’s stock valued at $10,988,000 after purchasing an additional 2,081 shares during the last quarter. Interactive Financial Advisors Inc. raised its stake in FlexShares Ultra-Short Income Fund by 2.6% in the 1st quarter. Interactive Financial Advisors Inc. now owns 126,541 shares of the company’s stock valued at $9,542,000 after purchasing an additional 3,239 shares during the last quarter. Finally, LPL Financial LLC raised its stake in FlexShares Ultra-Short Income Fund by 4.6% in the 4th quarter. LPL Financial LLC now owns 122,258 shares of the company’s stock valued at $9,215,000 after purchasing an additional 5,379 shares during the last quarter.

FlexShares Ultra-Short Income Fund Price Performance

FlexShares Ultra-Short Income Fund stock opened at $75.26 on Friday. FlexShares Ultra-Short Income Fund has a fifty-two week low of $74.36 and a fifty-two week high of $76.65. The stock’s fifty day moving average is $75.30 and its two-hundred day moving average is $75.39.

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.