FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Short Interest Update
by Jessica Moore · The Cerbat GemFlexShares Ultra-Short Income Fund (NYSEARCA:RAVI – Get Free Report) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 65 shares, a drop of 91.8% from the April 15th total of 794 shares. Based on an average daily trading volume, of 41,239 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
FlexShares Ultra-Short Income Fund Trading Down 0.0%
RAVI traded down $0.03 during trading on Wednesday, reaching $75.27. 18,960 shares of the company traded hands, compared to its average volume of 59,059. FlexShares Ultra-Short Income Fund has a 12-month low of $75.09 and a 12-month high of $76.65. The firm has a fifty day simple moving average of $75.32 and a 200 day simple moving average of $75.42.
Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund
A number of institutional investors have recently added to or reduced their stakes in RAVI. Northern Trust Corp grew its holdings in FlexShares Ultra-Short Income Fund by 7.0% during the 3rd quarter. Northern Trust Corp now owns 15,864,720 shares of the company’s stock valued at $1,199,865,000 after buying an additional 1,031,985 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of FlexShares Ultra-Short Income Fund by 623.3% in the second quarter. Jane Street Group LLC now owns 52,930 shares of the company’s stock valued at $3,997,000 after purchasing an additional 45,612 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of FlexShares Ultra-Short Income Fund by 42.3% in the second quarter. MML Investors Services LLC now owns 103,839 shares of the company’s stock valued at $7,841,000 after purchasing an additional 30,872 shares in the last quarter. Independent Financial Group LLC purchased a new position in shares of FlexShares Ultra-Short Income Fund in the first quarter valued at $1,452,000. Finally, Alliancebernstein L.P. purchased a new position in shares of FlexShares Ultra-Short Income Fund in the third quarter valued at $1,277,000.
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.