FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Stock Price Up 0.1% – Time to Buy?

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) shares rose 0.1% during mid-day trading on Monday . The stock traded as high as $75.54 and last traded at $75.54. Approximately 173,963 shares traded hands during mid-day trading, an increase of 142% from the average daily volume of 71,975 shares. The stock had previously closed at $75.48.

FlexShares Ultra-Short Income Fund Price Performance

The company has a 50-day simple moving average of $75.44 and a 200-day simple moving average of $75.34.

Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of FlexShares Ultra-Short Income Fund by 9.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,091 shares of the company’s stock worth $234,000 after acquiring an additional 273 shares during the last quarter. Pinnacle Associates Ltd. raised its position in shares of FlexShares Ultra-Short Income Fund by 13.9% during the first quarter. Pinnacle Associates Ltd. now owns 3,398 shares of the company’s stock worth $257,000 after acquiring an additional 415 shares during the last quarter. MAI Capital Management raised its position in shares of FlexShares Ultra-Short Income Fund by 81.4% during the first quarter. MAI Capital Management now owns 1,070 shares of the company’s stock worth $81,000 after acquiring an additional 480 shares during the last quarter. Bank of Montreal Can raised its position in shares of FlexShares Ultra-Short Income Fund by 97.6% during the second quarter. Bank of Montreal Can now owns 1,004 shares of the company’s stock worth $76,000 after acquiring an additional 496 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of FlexShares Ultra-Short Income Fund during the fourth quarter worth $53,000.

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.