FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Large Volume Increase – Here’s Why

Shares of FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw unusually-high trading volume on Tuesday . Approximately 91,166 shares traded hands during trading, an increase of 44% from the previous session’s volume of 63,524 shares.The stock last traded at $75.42 and had previously closed at $75.40.

FlexShares Ultra-Short Income Fund Stock Performance

The stock has a 50 day moving average price of $75.44 and a 200 day moving average price of $75.39.

Hedge Funds Weigh In On FlexShares Ultra-Short Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of RAVI. Tactive Advisors LLC increased its holdings in shares of FlexShares Ultra-Short Income Fund by 8.5% in the 1st 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 during the period. Cim LLC lifted its position in shares of FlexShares Ultra-Short Income Fund by 3.3% during the second quarter. Cim LLC now owns 69,039 shares of the company’s stock worth $5,202,000 after purchasing an additional 2,191 shares in the last quarter. MML Investors Services LLC raised its holdings in FlexShares Ultra-Short Income Fund by 19.5% in the third quarter. MML Investors Services LLC now owns 61,877 shares of the company’s stock valued at $4,682,000 after acquiring an additional 10,085 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of FlexShares Ultra-Short Income Fund by 37.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 48,367 shares of the company’s stock worth $3,649,000 after buying an additional 13,285 shares during the last quarter. Finally, Auour Investments LLC raised its stake in FlexShares Ultra-Short Income Fund by 2.6% during the 3rd quarter. Auour Investments LLC now owns 14,975 shares of the company’s stock valued at $1,131,000 after acquiring an additional 377 shares during the last quarter.

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.