FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Short Interest Down 51.4% in June

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 10,869 shares, a decrease of 51.4% from the May 31st total of 22,344 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 123,581 shares, the days-to-cover ratio is currently 0.1 days.

FlexShares Ultra-Short Income Fund Price Performance

Shares of FlexShares Ultra-Short Income Fund stock remained flat at $75.42 on Tuesday. The stock had a trading volume of 68,414 shares, compared to its average volume of 63,378. The business has a 50-day simple moving average of $75.32 and a 200-day simple moving average of $75.38. FlexShares Ultra-Short Income Fund has a 1-year low of $74.36 and a 1-year high of $75.98.

Institutional Trading of FlexShares Ultra-Short Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raab & Moskowitz Asset Management LLC lifted its stake in FlexShares Ultra-Short Income Fund by 2.4% in the 1st quarter. Raab & Moskowitz Asset Management LLC now owns 8,050 shares of the company’s stock valued at $607,000 after buying an additional 190 shares in the last quarter. Cim LLC lifted its position in shares of FlexShares Ultra-Short Income Fund by 1.4% in the first quarter. Cim LLC now owns 78,818 shares of the company’s stock valued at $5,943,000 after acquiring an additional 1,058 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of FlexShares Ultra-Short Income Fund by 6.8% in the first quarter. Royal Bank of Canada now owns 4,404 shares of the company’s stock worth $332,000 after acquiring an additional 279 shares during the last quarter. Gateway Wealth Partners LLC purchased a new stake in shares of FlexShares Ultra-Short Income Fund during the first quarter worth approximately $318,000. Finally, Independent Financial Group LLC acquired a new position in FlexShares Ultra-Short Income Fund in the 1st quarter valued at $1,452,000.

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. RAVI was launched on Oct 9, 2012 and is managed by FlexShares.