FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Stock Short Interest Declines 84.0%

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 17,214 shares, a drop of 84.0% from the August 31st total of 107,865 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 148,616 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of FlexShares Ultra-Short Income Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Tactive Advisors LLC increased its position in FlexShares Ultra-Short Income Fund by 1.0% during the 2nd quarter. Tactive Advisors LLC now owns 152,755 shares of the company’s stock valued at $11,520,000 after purchasing an additional 1,485 shares during the period. Interactive Financial Advisors Inc. boosted its stake in shares of FlexShares Ultra-Short Income Fund by 2.6% in the 1st quarter. Interactive Financial Advisors Inc. now owns 126,541 shares of the company’s stock valued at $9,542,000 after purchasing an additional 3,239 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of FlexShares Ultra-Short Income Fund by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 106,670 shares of the company’s stock worth $8,045,000 after buying an additional 3,990 shares during the period. Cim LLC raised its stake in FlexShares Ultra-Short Income Fund by 1.4% during the first quarter. Cim LLC now owns 78,818 shares of the company’s stock worth $5,943,000 after buying an additional 1,058 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in FlexShares Ultra-Short Income Fund by 2.9% during the second quarter. Baird Financial Group Inc. now owns 29,048 shares of the company’s stock worth $2,191,000 after buying an additional 820 shares during the last quarter.

FlexShares Ultra-Short Income Fund Trading Up 0.0%

Shares of NYSEARCA RAVI traded up $0.02 during trading on Friday, reaching $75.20. The company had a trading volume of 306,734 shares, compared to its average volume of 75,880. The company’s fifty day moving average price is $75.26 and its 200-day moving average price is $75.29. FlexShares Ultra-Short Income Fund has a 12 month low of $74.36 and a 12 month 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.