FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Large Volume Increase – Should You Buy?

Shares of FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw unusually-high trading volume on Wednesday . Approximately 253,838 shares were traded during mid-day trading, an increase of 253% from the previous session’s volume of 71,996 shares.The stock last traded at $75.39 and had previously closed at $75.39.

FlexShares Ultra-Short Income Fund Price Performance

The company has a 50 day moving average price of $75.30 and a 200 day moving average price of $75.38.

Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI acquired a new stake in FlexShares Ultra-Short Income Fund during the 4th quarter worth approximately $25,000. Principal Securities Inc. increased its position in shares of FlexShares Ultra-Short Income Fund by 50.0% during the fourth quarter. Principal Securities Inc. now owns 450 shares of the company’s stock worth $34,000 after acquiring an additional 150 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of FlexShares Ultra-Short Income Fund during the fourth quarter worth $53,000. Operose Advisors LLC bought a new stake in FlexShares Ultra-Short Income Fund in the 4th quarter valued at $60,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in FlexShares Ultra-Short Income Fund in the 3rd quarter worth $158,000.

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.