FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Strong Trading Volume

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) shares saw unusually-strong trading volume on Monday . Approximately 94,259 shares were traded during mid-day trading, an increase of 54% from the previous session’s volume of 61,192 shares.The stock last traded at $75.39 and had previously closed at $75.38.

FlexShares Ultra-Short Income Fund Trading Up 0.0 %

The stock’s 50 day moving average price is $75.38 and its 200 day moving average price is $75.34.

Hedge Funds Weigh In On FlexShares Ultra-Short Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cim LLC grew its position in FlexShares Ultra-Short Income Fund by 3.3% in the second quarter. Cim LLC now owns 69,039 shares of the company’s stock valued at $5,202,000 after acquiring an additional 2,191 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in FlexShares Ultra-Short Income Fund during the 2nd quarter worth $212,000. Keynote Financial Services LLC purchased a new position in FlexShares Ultra-Short Income Fund in the 1st quarter valued at about $273,000. Tactive Advisors LLC grew its stake in shares of FlexShares Ultra-Short Income Fund by 8.5% during the first quarter. Tactive Advisors LLC now owns 80,138 shares of the company’s stock valued at $6,046,000 after acquiring an additional 6,263 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new stake in shares of FlexShares Ultra-Short Income Fund during the first quarter worth about $210,000.

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.