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

Shares of FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) saw strong trading volume on Thursday . 73,864 shares changed hands during mid-day trading, an increase of 17% from the previous session’s volume of 63,238 shares.The stock last traded at $75.48 and had previously closed at $75.45.

FlexShares Ultra-Short Income Fund Price Performance

The stock’s 50-day moving average is $75.47 and its 200-day moving average is $75.38.

Hedge Funds Weigh In On FlexShares Ultra-Short Income Fund

Large investors have recently made changes to their positions in the business. Comerica Bank boosted its holdings in shares of FlexShares Ultra-Short Income Fund by 36.8% in the first quarter. Comerica Bank now owns 617 shares of the company’s stock worth $47,000 after buying an additional 166 shares during the period. Cetera Advisors LLC bought a new position in FlexShares Ultra-Short Income Fund during the first quarter valued at approximately $210,000. Signature Estate & Investment Advisors LLC bought a new position in FlexShares Ultra-Short Income Fund during the second quarter valued at approximately $212,000. Freestone Capital Holdings LLC bought a new position in FlexShares Ultra-Short Income Fund during the first quarter valued at approximately $228,000. Finally, Keynote Financial Services LLC bought a new position in FlexShares Ultra-Short Income Fund during the first quarter valued at approximately $273,000.

FlexShares Ultra-Short Income Fund Company Profile

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.