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

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw an uptick in trading volume on Wednesday . 162,985 shares changed hands during trading, an increase of 151% from the previous session’s volume of 64,838 shares.The stock last traded at $75.37 and had previously closed at $75.33.

FlexShares Ultra-Short Income Fund Stock Performance

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

Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank grew its holdings 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 valued at $47,000 after purchasing an additional 166 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in FlexShares Ultra-Short Income Fund in the third quarter worth $158,000. Cetera Advisors LLC bought a new stake in FlexShares Ultra-Short Income Fund in the first quarter valued at $210,000. Signature Estate & Investment Advisors LLC acquired a new position in shares of FlexShares Ultra-Short Income Fund during the second quarter valued at $212,000. Finally, Flow Traders U.S. LLC acquired a new position in FlexShares Ultra-Short Income Fund during the 3rd quarter valued at about $1,002,000.

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.