FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Strong Trading Volume – Here’s What Happened

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) shares saw unusually-strong trading volume on Wednesday . Approximately 75,135 shares were traded during trading, an increase of 6% from the previous session’s volume of 70,837 shares.The stock last traded at $75.32 and had previously closed at $75.29.

FlexShares Ultra-Short Income Fund Stock Up 0.0 %

The company’s 50 day moving average price is $75.29 and its 200-day moving average price is $75.37.

Institutional Trading of FlexShares Ultra-Short Income Fund

A number of hedge funds have recently bought and sold shares of RAVI. Inspirion Wealth Advisors LLC acquired a new stake in shares of FlexShares Ultra-Short Income Fund during the fourth quarter valued at approximately $249,000. MML Investors Services LLC grew its position in FlexShares Ultra-Short Income Fund by 19.5% during the 3rd quarter. MML Investors Services LLC now owns 61,877 shares of the company’s stock worth $4,682,000 after purchasing an additional 10,085 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in FlexShares Ultra-Short Income Fund during the 3rd quarter valued at $1,002,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of FlexShares Ultra-Short Income Fund in the third quarter valued at $158,000. Finally, Auour Investments LLC boosted its position in shares of FlexShares Ultra-Short Income Fund by 2.6% in the third quarter. Auour Investments LLC now owns 14,975 shares of the company’s stock worth $1,131,000 after buying an additional 377 shares during the period.

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.