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

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw unusually-strong trading volume on Friday . Approximately 390,848 shares traded hands during trading, an increase of 518% from the previous session’s volume of 63,198 shares.The stock last traded at $75.48 and had previously closed at $75.45.

FlexShares Ultra-Short Income Fund Trading Up 0.0 %

The company has a 50-day moving average price of $75.46 and a 200-day moving average price of $75.37.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Auour Investments LLC grew its stake in FlexShares Ultra-Short Income Fund by 1.1% during the 1st quarter. Auour Investments LLC now owns 14,599 shares of the company’s stock worth $1,101,000 after buying an additional 152 shares during the last quarter. Comerica Bank grew its position in shares of FlexShares Ultra-Short Income Fund by 36.8% during the first quarter. Comerica Bank now owns 617 shares of the company’s stock worth $47,000 after acquiring an additional 166 shares during the last quarter. Cim LLC raised its position in FlexShares Ultra-Short Income Fund by 3.3% in the 2nd quarter. Cim LLC now owns 69,039 shares of the company’s stock valued at $5,202,000 after purchasing an additional 2,191 shares during the last quarter. Cetera Advisors LLC acquired a new stake in FlexShares Ultra-Short Income Fund during the 1st quarter worth $210,000. Finally, Signature Estate & Investment Advisors LLC purchased a new position in FlexShares Ultra-Short Income Fund during the 2nd quarter worth $212,000.

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.