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

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) shares saw unusually-strong trading volume on Thursday . Approximately 180,937 shares changed hands during trading, an increase of 135% from the previous session’s volume of 76,929 shares.The stock last traded at $75.27 and had previously closed at $75.26.

FlexShares Ultra-Short Income Fund Stock Up 0.0 %

The firm’s 50 day moving average price is $75.28 and its two-hundred day moving average price is $75.38.

Hedge Funds Weigh In On FlexShares Ultra-Short Income Fund

A number of hedge funds have recently bought and sold shares of RAVI. Arcadia Investment Management Corp MI acquired a new stake in shares of FlexShares Ultra-Short Income Fund during the 4th quarter worth approximately $25,000. Principal Securities Inc. grew its stake in FlexShares Ultra-Short Income Fund by 50.0% during the 4th quarter. Principal Securities Inc. now owns 450 shares of the company’s stock worth $34,000 after buying an additional 150 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in shares of FlexShares Ultra-Short Income Fund during the third quarter valued at $158,000. Keynote Financial Services LLC boosted its holdings in shares of FlexShares Ultra-Short Income Fund by 9.8% during the fourth quarter. Keynote Financial Services LLC now owns 2,979 shares of the company’s stock valued at $224,000 after acquiring an additional 265 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of FlexShares Ultra-Short Income Fund in the 4th quarter worth about $244,000.

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.