FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Short Interest Up 573.1% in August

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) was the recipient of a large growth in short interest in 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 trading volume, of 111,934 shares, the short-interest ratio is currently 1.0 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Trading of FlexShares Ultra-Short Income Fund

Several institutional investors have recently modified their holdings of RAVI. Northern Trust Corp lifted its holdings in FlexShares Ultra-Short Income Fund by 7.0% in the 3rd quarter. Northern Trust Corp now owns 15,864,720 shares of the company’s stock valued at $1,199,865,000 after purchasing an additional 1,031,985 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of FlexShares Ultra-Short Income Fund by 623.3% during the second quarter. Jane Street Group LLC now owns 52,930 shares of the company’s stock worth $3,997,000 after buying an additional 45,612 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of FlexShares Ultra-Short Income Fund by 42.3% during the second quarter. MML Investors Services LLC now owns 103,839 shares of the company’s stock worth $7,841,000 after buying an additional 30,872 shares in the last quarter. Independent Financial Group LLC purchased a new stake in shares of FlexShares Ultra-Short Income Fund during the first quarter worth $1,452,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of FlexShares Ultra-Short Income Fund in the third quarter valued at about $1,277,000.

FlexShares Ultra-Short Income Fund Price Performance

FlexShares Ultra-Short Income Fund stock opened at $75.15 on Friday. The company’s fifty day moving average price is $75.27 and its 200 day moving average price is $75.31. FlexShares Ultra-Short Income Fund has a 1 year low of $74.36 and a 1 year high of $75.98.

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.