FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Short Interest Up 573.1% in August

by · The Cerbat Gem

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 107,865 shares, a growth of 573.1% from the August 15th total of 16,026 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 111,934 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund

Several institutional investors have recently bought and sold shares of the stock. Independent Financial Group LLC purchased a new stake in FlexShares Ultra-Short Income Fund in the 1st quarter valued at about $1,452,000. Flynn Zito Capital Management LLC bought a new position in shares of FlexShares Ultra-Short Income Fund during the 1st quarter worth approximately $222,000. Kestra Advisory Services LLC boosted its stake in shares of FlexShares Ultra-Short Income Fund by 12.8% in the 1st quarter. Kestra Advisory Services LLC now owns 14,199 shares of the company’s stock worth $1,071,000 after buying an additional 1,611 shares during the last quarter. Interactive Financial Advisors Inc. boosted its stake in shares of 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 worth $9,542,000 after buying an additional 3,239 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC purchased a new position in shares of FlexShares Ultra-Short Income Fund in the 1st quarter worth approximately $258,000.

FlexShares Ultra-Short Income Fund Price Performance

Shares of RAVI opened at $75.18 on Friday. The stock has a 50 day moving average price of $75.27 and a two-hundred day moving average price of $75.31. FlexShares Ultra-Short Income Fund has a 52 week low of $74.36 and a 52 week high of $75.98.

FlexShares Ultra-Short Income Fund Company Profile

(Get Free Report)

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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