FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Unusually-High Trading Volume – Should You Buy?

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) shares saw unusually-high trading volume on Friday . Approximately 154,882 shares traded hands during trading, an increase of 171% from the previous session’s volume of 57,131 shares.The stock last traded at $75.4250 and had previously closed at $75.42.

FlexShares Ultra-Short Income Fund Stock Down 0.0%

The stock has a 50-day moving average of $75.42 and a 200 day moving average of $75.45.

Institutional Trading of FlexShares Ultra-Short Income Fund

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in shares of FlexShares Ultra-Short Income Fund in the 4th quarter valued at $53,000. Jane Street Group LLC acquired a new position in FlexShares Ultra-Short Income Fund in the first quarter valued at about $553,000. Mutual Advisors LLC bought a new position in FlexShares Ultra-Short Income Fund during the second quarter worth about $224,000. Interactive Financial Advisors Inc. boosted its holdings in 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 worth $9,469,000 after buying an additional 112,907 shares during the last quarter. Finally, VestGen Investment Management acquired a new position in shares of FlexShares Ultra-Short Income Fund during the 2nd quarter worth about $319,000.

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. RAVI was launched on Oct 9, 2012 and is managed by FlexShares.