Short Interest in FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Grows By 573.1%

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) was the target of a large growth in short interest in 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. Based on an average daily volume of 111,934 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. boosted its holdings in shares of FlexShares Ultra-Short Income Fund by 2.9% in the 2nd quarter. Baird Financial Group Inc. now owns 29,048 shares of the company’s stock worth $2,191,000 after purchasing an additional 820 shares during the period. Legacy Wealth Managment LLC ID boosted its stake in FlexShares Ultra-Short Income Fund by 27.6% during the second quarter. Legacy Wealth Managment LLC ID now owns 7,511 shares of the company’s stock worth $566,000 after buying an additional 1,623 shares during the period. Beacon Financial Advisory LLC boosted its stake in FlexShares Ultra-Short Income Fund by 14.2% during the second quarter. Beacon Financial Advisory LLC now owns 13,892 shares of the company’s stock worth $1,048,000 after buying an additional 1,730 shares during the period. Tactive Advisors LLC increased its position in FlexShares Ultra-Short Income Fund by 1.0% during the second quarter. Tactive Advisors LLC now owns 152,755 shares of the company’s stock valued at $11,520,000 after acquiring an additional 1,485 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC raised its stake in shares of FlexShares Ultra-Short Income Fund by 2.4% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 8,050 shares of the company’s stock valued at $607,000 after acquiring an additional 190 shares during the period.

FlexShares Ultra-Short Income Fund Stock Performance

NYSEARCA:RAVI traded down $0.03 during trading hours on Friday, reaching $75.15. The stock had a trading volume of 742,136 shares, compared to its average volume of 74,548. The company 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.

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.