FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 30,665 shares, a growth of 76.6% from the June 30th total of 17,360 shares. Based on an average daily volume of 127,247 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.
FlexShares Ultra-Short Income Fund Price Performance
RAVI remained flat at $75.37 during trading on Thursday. The company had a trading volume of 37,880 shares, compared to its average volume of 68,837. The business’s 50 day moving average price is $75.31 and its 200 day moving average price is $75.36. FlexShares Ultra-Short Income Fund has a 52-week low of $74.36 and a 52-week high of $75.98.
Hedge Funds Weigh In On FlexShares Ultra-Short Income Fund
Several hedge funds and other institutional investors have recently modified their holdings of RAVI. Flagship Harbor Advisors LLC bought a new position in shares of FlexShares Ultra-Short Income Fund during the fourth quarter worth about $38,000. Arax Advisory Partners bought a new stake in FlexShares Ultra-Short Income Fund in the 4th quarter valued at about $53,000. Bank of America Corp DE acquired a new position in FlexShares Ultra-Short Income Fund during the 4th quarter valued at about $53,000. Birchwood Financial Partners Inc. acquired a new position in FlexShares Ultra-Short Income Fund during the 4th quarter valued at about $57,000. Finally, EverSource Wealth Advisors LLC acquired a new position in FlexShares Ultra-Short Income Fund during the 2nd quarter valued at about $85,000.
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. RAVI was launched on Oct 9, 2012 and is managed by FlexShares.
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