FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sets New 12-Month Low – Here’s What Happened

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) reached a new 52-week low on Monday . The stock traded as low as $74.49 and last traded at $75.26, with a volume of 21662 shares trading hands. The stock had previously closed at $75.24.

FlexShares Ultra-Short Income Fund Stock Performance

The company has a 50-day moving average of $75.29 and a two-hundred day moving average of $75.37.

Institutional Trading of FlexShares Ultra-Short Income Fund

A number of hedge funds have recently made changes to their positions in RAVI. MML Investors Services LLC raised its stake in FlexShares Ultra-Short Income Fund by 19.5% during the third quarter. MML Investors Services LLC now owns 61,877 shares of the company’s stock valued at $4,682,000 after buying an additional 10,085 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of FlexShares Ultra-Short Income Fund in the 3rd quarter worth about $1,002,000. RPg Family Wealth Advisory LLC bought a new position in FlexShares Ultra-Short Income Fund in the 3rd quarter worth about $158,000. Auour Investments LLC grew its position in FlexShares Ultra-Short Income Fund by 2.6% during the 3rd quarter. Auour Investments LLC now owns 14,975 shares of the company’s stock valued at $1,131,000 after purchasing an additional 377 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in FlexShares Ultra-Short Income Fund by 37.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 48,367 shares of the company’s stock valued at $3,649,000 after purchasing an additional 13,285 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.