FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Unusually-High Trading Volume – Here’s Why

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) shares saw an uptick in trading volume on Tuesday . 70,464 shares traded hands during mid-day trading, an increase of 8% from the previous session’s volume of 65,389 shares.The stock last traded at $75.36 and had previously closed at $75.37.

FlexShares Ultra-Short Income Fund Trading Down 0.0 %

The company has a fifty day simple moving average of $75.39 and a two-hundred day simple moving average of $75.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cim LLC lifted its stake 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 buying an additional 2,191 shares during the period. MML Investors Services LLC raised its position in shares of FlexShares Ultra-Short Income Fund by 19.5% in the 3rd 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 during the period. Chicago Partners Investment Group LLC boosted its stake in 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 acquiring an additional 13,285 shares during the last quarter. Auour Investments LLC boosted 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 worth $1,131,000 after acquiring an additional 377 shares during the last quarter. Finally, Greenleaf Trust grew its holdings in FlexShares Ultra-Short Income Fund by 1.6% during the third quarter. Greenleaf Trust now owns 14,631 shares of the company’s stock valued at $1,107,000 after purchasing an additional 227 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.