Short Interest in FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Decreases By 91.8%

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 65 shares, a drop of 91.8% from the April 15th total of 794 shares. Based on an average trading volume of 41,239 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

FlexShares Ultra-Short Income Fund Price Performance

Shares of NYSEARCA RAVI traded down $0.04 during trading on Monday, hitting $75.24. 52,042 shares of the company were exchanged, compared to its average volume of 59,798. FlexShares Ultra-Short Income Fund has a 1 year low of $75.09 and a 1 year high of $76.65. The firm’s fifty day moving average price is $75.33 and its 200 day moving average price is $75.42.

Hedge Funds Weigh In On FlexShares Ultra-Short Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Independent Financial Group LLC acquired a new position in shares of FlexShares Ultra-Short Income Fund during the 1st quarter worth $1,452,000. Flynn Zito Capital Management LLC acquired a new position in shares of FlexShares Ultra-Short Income Fund during the 1st quarter worth $222,000. Interactive Financial Advisors Inc. grew its stake in shares of FlexShares Ultra-Short Income Fund by 2.6% during the 1st quarter. Interactive Financial Advisors Inc. now owns 126,541 shares of the company’s stock worth $9,542,000 after purchasing an additional 3,239 shares during the period. Walkner Condon Financial Advisors LLC acquired a new position in shares of FlexShares Ultra-Short Income Fund during the 1st quarter worth $258,000. Finally, Cambient Family Office LLC acquired a new position in shares of FlexShares Ultra-Short Income Fund during the 4th quarter worth $258,000.

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.