FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Stock Price Up 0% – Still a Buy?

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI)’s stock price rose 0% on Tuesday . The stock traded as high as $75.44 and last traded at $75.43. Approximately 26,317 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 69,443 shares. The stock had previously closed at $75.41.

FlexShares Ultra-Short Income Fund Price Performance

The firm has a 50 day moving average of $75.48 and a two-hundred day moving average of $75.36.

Institutional Trading of FlexShares Ultra-Short Income Fund

Large investors have recently bought and sold shares of the business. Northern Trust Corp boosted its stake in shares of FlexShares Ultra-Short Income Fund by 6.3% during the first quarter. Northern Trust Corp now owns 14,368,574 shares of the company’s stock valued at $1,085,977,000 after purchasing an additional 856,896 shares in the last quarter. Tactive Advisors LLC acquired a new stake in shares of FlexShares Ultra-Short Income Fund during the second quarter valued at about $12,603,000. Interactive Financial Advisors Inc. boosted its stake in shares of FlexShares Ultra-Short Income Fund by 903.3% during the second quarter. Interactive Financial Advisors Inc. now owns 125,406 shares of the company’s stock valued at $9,469,000 after purchasing an additional 112,907 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of FlexShares Ultra-Short Income Fund by 123.7% during the second quarter. Envestnet Asset Management Inc. now owns 143,200 shares of the company’s stock valued at $10,813,000 after purchasing an additional 79,186 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of FlexShares Ultra-Short Income Fund by 623.3% during the second quarter. Jane Street Group LLC now owns 52,930 shares of the company’s stock valued at $3,997,000 after purchasing an additional 45,612 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.