FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Large Volume Increase

Shares of FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw an uptick in trading volume on Thursday . 30,585 shares traded hands during mid-day trading, a decline of 46% from the previous session’s volume of 57,049 shares.The stock last traded at $75.42 and had previously closed at $75.41.

FlexShares Ultra-Short Income Fund Price Performance

The stock has a 50-day simple moving average of $75.34 and a 200 day simple moving average of $75.26.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RAVI. Northern Trust Corp boosted its position in shares of FlexShares Ultra-Short Income Fund by 5.9% in the 4th quarter. Northern Trust Corp now owns 12,290,920 shares of the company’s stock worth $922,206,000 after purchasing an additional 682,850 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of FlexShares Ultra-Short Income Fund in the 1st quarter worth $13,087,000. Cim LLC bought a new position in shares of FlexShares Ultra-Short Income Fund in the 4th quarter worth $4,755,000. Envestnet Asset Management Inc. boosted its position in shares of FlexShares Ultra-Short Income Fund by 17.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 152,188 shares of the company’s stock worth $11,431,000 after purchasing an additional 22,708 shares during the last quarter. Finally, Silver Oak Securities Incorporated raised its stake in FlexShares Ultra-Short Income Fund by 209.9% during the 4th quarter. Silver Oak Securities Incorporated now owns 23,866 shares of the company’s stock worth $1,791,000 after buying an additional 16,165 shares during the period.

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.