FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI – Get Free Report) saw strong trading volume on Thursday . 208,159 shares changed hands during mid-day trading, an increase of 277% from the previous session’s volume of 55,195 shares.The stock last traded at $75.46 and had previously closed at $75.44.
FlexShares Ultra-Short Income Fund Trading Up 0.1 %
The firm has a 50-day simple moving average of $75.34 and a two-hundred day simple moving average of $75.30.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RAVI. Silver Oak Securities Incorporated increased its holdings in FlexShares Ultra-Short Income Fund by 209.9% in the fourth quarter. Silver Oak Securities Incorporated now owns 23,866 shares of the company’s stock valued at $1,791,000 after buying an additional 16,165 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC lifted its position in FlexShares Ultra-Short Income Fund by 78.8% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 5,210 shares of the company’s stock worth $391,000 after purchasing an additional 2,296 shares during the period. Wealthcare Advisory Partners LLC lifted its position in FlexShares Ultra-Short Income Fund by 15.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 12,309 shares of the company’s stock worth $924,000 after purchasing an additional 1,606 shares during the period. Northern Trust Corp lifted its position in shares of FlexShares Ultra-Short Income Fund by 5.9% during the 4th quarter. Northern Trust Corp now owns 12,290,920 shares of the company’s stock valued at $922,206,000 after acquiring an additional 682,850 shares during the last quarter. Finally, Cim LLC acquired a new stake in shares of FlexShares Ultra-Short Income Fund during the 4th quarter valued at $4,755,000.
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.
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