FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Unusually-High Trading Volume – Time to Buy?

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw an uptick in trading volume on Tuesday . 48,821 shares traded hands during mid-day trading, an increase of 40% from the previous session’s volume of 34,770 shares.The stock last traded at $75.22 and had previously closed at $75.24.

FlexShares Ultra-Short Income Fund Price Performance

The stock has a 50 day simple moving average of $75.30 and a 200 day simple moving average of $75.38.

Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund

Several institutional investors and hedge funds have recently modified their holdings of RAVI. Cim LLC raised its holdings 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 worth $5,202,000 after purchasing an additional 2,191 shares in the last quarter. MML Investors Services LLC lifted its position in FlexShares Ultra-Short Income Fund by 19.5% during 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 third 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 in the last quarter. Auour Investments LLC grew its holdings in FlexShares Ultra-Short Income Fund by 2.6% in the third quarter. Auour Investments LLC now owns 14,975 shares of the company’s stock worth $1,131,000 after purchasing an additional 377 shares during the period. Finally, Greenleaf Trust increased its stake in shares of 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 in the last quarter.

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.