Northern Trust Ultra-Short Fixed Income ETF (RAVI)Ultrashort Bond | Exchange Traded Fund | NYSEArca
75.33 USD
-0.05
(-0.062%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 75.50 +0.17 (0.226%) ⇧ (Aug. 28, 2026, 7:30 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 5:18 a.m. EDT
This ultra-short bond fund offers a compelling income floor but lacks the explosive growth potential required for a top-tier long-term hold. The dividend yield is robust at 4.33%, supported by a consistent payout history that has stabilized significantly after a sharp contraction in 2022; however, the recent distribution amounts have trended downward slightly from their 2024 peaks, suggesting modest pressure on net interest margins rather than a crisis. The price action confirms this stability, trading within a razor-thin range of roughly 74.36 to 75.98 over the last year, with the current price hovering near the 52-week low, indicating the market is pricing in very low volatility and minimal capital appreciation. While the statistical model predicts a tiny 0.26% gain over the next 45 days with high confidence, this is merely noise for a bond ETF designed to preserve principal. For investors seeking aggressive growth, this vehicle is neutral; for those prioritizing steady, albeit slow-growing, income with negligible drawdown risk, it serves as a solid defensive core. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.001222 |
| AutoTheta | 0.001807 |
| MSTL | 0.001930 |
| AutoETS | 0.002034 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 91% |
| H-stat | 0.36 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.498 |
| Excess Kurtosis | -0.83 |
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.34% | 4.29% | 4.82% | 3.82% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-08-03 | 0.259 | 0.344690 |
| 2026-07-01 | 0.251 | 0.333865 |
| 2026-06-01 | 0.262 | 0.348404 |
| 2026-05-01 | 0.257 | 0.341755 |
| 2026-04-01 | 0.268 | 0.356668 |
| 2026-03-02 | 0.242 | 0.321168 |
| 2026-02-02 | 0.260 | 0.344919 |
| 2025-12-19 | 0.282 | 0.374651 |
| 2025-12-01 | 0.286 | 0.379612 |
| 2025-11-03 | 0.289 | 0.383442 |
| 2025-10-01 | 0.284 | 0.376908 |
| 2025-09-02 | 0.292 | 0.387576 |
| 2025-08-01 | 0.289 | 0.383696 |
| 2025-07-01 | 0.285 | 0.378788 |
| 2025-06-02 | 0.292 | 0.388401 |
| 2025-05-01 | 0.290 | 0.386306 |
| 2025-04-01 | 0.301 | 0.399787 |
| 2025-03-03 | 0.275 | 0.365060 |
| 2025-02-03 | 0.295 | 0.392183 |
| 2024-12-20 | 0.315 | 0.419720 |
| 2024-12-02 | 0.345 | 0.458533 |
| 2024-11-01 | 0.318 | 0.422704 |
| 2024-10-01 | 0.324 | 0.429936 |
| 2024-09-03 | 0.353 | 0.468978 |
| 2024-08-01 | 0.357 | 0.474671 |
| 2024-07-01 | 0.335 | 0.445834 |
| 2024-06-03 | 0.348 | 0.462889 |
| 2024-05-01 | 0.333 | 0.443173 |
| 2024-04-01 | 0.338 | 0.449887 |
| 2024-03-01 | 0.310 | 0.412508 |
| 2024-02-01 | 0.337 | 0.448556 |
| 2023-12-15 | 0.329 | 0.439781 |
| 2023-12-01 | 0.338 | 0.450847 |
| 2023-11-01 | 0.316 | 0.422178 |
| 2023-10-02 | 0.306 | 0.408982 |
| 2023-09-01 | 0.302 | 0.403635 |
| 2023-08-01 | 0.296 | 0.395828 |
| 2023-07-03 | 0.275 | 0.368041 |
| 2023-06-01 | 0.278 | 0.372205 |
| 2023-05-01 | 0.263 | 0.352358 |
| 2023-04-03 | 0.250 | 0.335166 |
| 2023-03-01 | 0.224 | 0.300107 |
| 2023-02-01 | 0.236 | 0.315973 |
| 2022-12-16 | 0.217 | 0.292217 |
| 2022-12-01 | 0.193 | 0.259793 |
| 2022-11-01 | 0.176 | 0.237581 |
| 2022-10-03 | 0.144 | 0.193783 |
| 2022-09-01 | 0.140 | 0.188046 |
| 2022-08-01 | 0.110 | 0.147810 |
| 2022-07-01 | 0.077 | 0.103495 |
| 2022-06-01 | 0.070 | 0.093783 |
| 2022-05-02 | 0.046 | 0.061580 |
| 2022-04-01 | 0.035 | 0.046785 |
| 2022-03-01 | 0.028 | 0.037204 |
| 2022-02-01 | 0.032 | 0.042457 |
| 2021-12-17 | 0.238 | 0.314981 |
| 2021-12-01 | 0.029 | 0.038238 |
| 2021-11-01 | 0.037 | 0.048703 |
| 2021-10-01 | 0.036 | 0.047275 |
| 2021-09-01 | 0.038 | 0.049895 |
| 2021-08-02 | 0.041 | 0.053820 |
| 2021-07-01 | 0.042 | 0.055133 |
| 2021-06-01 | 0.044 | 0.057728 |
| 2021-05-03 | 0.042 | 0.055147 |
| 2021-04-01 | 0.046 | 0.060423 |
| 2021-03-01 | 0.042 | 0.055104 |
| 2021-02-01 | 0.046 | 0.060304 |
| 2020-12-18 | 0.068 | 0.089169 |
| 2020-12-01 | 0.051 | 0.066868 |
| 2020-11-02 | 0.049 | 0.064296 |
| 2020-10-01 | 0.052 | 0.068170 |
| 2020-09-01 | 0.056 | 0.073346 |
| 2020-08-03 | 0.063 | 0.082526 |
| 2020-07-01 | 0.059 | 0.077397 |
| 2020-06-01 | 0.099 | 0.130469 |
| 2020-05-01 | 0.113 | 0.149728 |
| 2020-04-01 | 0.117 | 0.157831 |
| 2020-03-02 | 0.118 | 0.155386 |
| 2020-02-03 | 0.140 | 0.184623 |
| 2019-12-20 | 0.141 | 0.186335 |
| 2019-12-02 | 0.135 | 0.178312 |
| 2019-11-01 | 0.147 | 0.194085 |
| 2019-10-01 | 0.151 | 0.199419 |
| 2019-09-03 | 0.162 | 0.213833 |
| 2019-08-01 | 0.154 | 0.203461 |
| 2019-07-01 | 0.168 | 0.222105 |
| 2019-06-03 | 0.173 | 0.228806 |
| 2019-05-01 | 0.172 | 0.227905 |
| 2019-04-01 | 0.177 | 0.234748 |
| 2019-03-01 | 0.161 | 0.213641 |
| 2019-02-01 | 0.173 | 0.229778 |
| 2018-12-21 | 0.214 | 0.285181 |
| 2018-12-03 | 0.126 | 0.167420 |
| 2018-11-01 | 0.148 | 0.196339 |
| 2018-10-01 | 0.148 | 0.196104 |
| 2018-09-04 | 0.152 | 0.201645 |
| 2018-08-01 | 0.149 | 0.197639 |
| 2018-07-02 | 0.150 | 0.199256 |
| 2018-06-01 | 0.125 | 0.165937 |
| 2018-05-01 | 0.128 | 0.169987 |
| 2018-04-02 | 0.127 | 0.169040 |
| 2018-03-01 | 0.102 | 0.135566 |
| 2018-02-01 | 0.097 | 0.128750 |
| 2017-12-21 | 0.114 | 0.151274 |
| 2017-12-01 | 0.094 | 0.124586 |
| 2017-11-01 | 0.087 | 0.115293 |
| 2017-10-02 | 0.088 | 0.116572 |
| 2017-09-01 | 0.087 | 0.115247 |
| 2017-08-01 | 0.082 | 0.108552 |
| 2017-07-03 | 0.076 | 0.100702 |
| 2017-06-01 | 0.080 | 0.106059 |
| 2017-05-01 | 0.065 | 0.086150 |
| 2017-04-03 | 0.063 | 0.083477 |
| 2017-03-01 | 0.059 | 0.078384 |
| 2017-02-01 | 0.068 | 0.090114 |
| 2016-12-28 | 0.049 | 0.064961 |
| 2016-12-01 | 0.063 | 0.083543 |
| 2016-11-01 | 0.060 | 0.079460 |
| 2016-10-03 | 0.061 | 0.080666 |
| 2016-09-01 | 0.059 | 0.078032 |
| 2016-08-01 | 0.058 | 0.076760 |
| 2016-07-01 | 0.058 | 0.076831 |
| 2016-06-01 | 0.056 | 0.074340 |
| 2016-05-02 | 0.058 | 0.076903 |
| 2016-02-01 | 0.042 | 0.055933 |
| 2015-12-29 | 0.095 | 0.126599 |
| 2015-12-01 | 0.034 | 0.045165 |
| 2015-11-02 | 0.042 | 0.055755 |
| 2015-10-01 | 0.038 | 0.050431 |
| 2015-09-01 | 0.041 | 0.054492 |
| 2015-08-03 | 0.032 | 0.042463 |
| 2015-07-01 | 0.038 | 0.050539 |
| 2015-06-01 | 0.037 | 0.049111 |
| 2015-05-01 | 0.036 | 0.047707 |
| 2015-04-01 | 0.037 | 0.048994 |
| 2015-03-02 | 0.033 | 0.043749 |
| 2015-02-02 | 0.029 | 0.038441 |
| 2014-12-29 | 0.149 | 0.197613 |
| 2014-12-01 | 0.031 | 0.040940 |
| 2014-11-03 | 0.032 | 0.042289 |
| 2014-10-01 | 0.035 | 0.046296 |
| 2014-09-02 | 0.035 | 0.046186 |
| 2014-08-01 | 0.034 | 0.044920 |
| 2014-07-01 | 0.035 | 0.046241 |
| 2014-06-02 | 0.032 | 0.042283 |
| 2014-05-01 | 0.036 | 0.047669 |
| 2014-04-01 | 0.034 | 0.045009 |
| 2014-03-03 | 0.030 | 0.039698 |
| 2014-02-03 | 0.028 | 0.037121 |
| 2013-12-27 | 0.006 | 0.007962 |
| 2013-12-02 | 0.055 | 0.073022 |
| 2013-11-01 | 0.030 | 0.039830 |
| 2013-10-01 | 0.021 | 0.027926 |
| 2013-09-03 | 0.029 | 0.038595 |
| 2013-08-01 | 0.031 | 0.041262 |
| 2013-07-01 | 0.027 | 0.035942 |
| 2013-06-03 | 0.012 | 0.015936 |
| 2013-05-01 | 0.032 | 0.042485 |
| 2013-04-01 | 0.028 | 0.037239 |
| 2013-03-01 | 0.024 | 0.031953 |
| 2013-02-01 | 0.018 | 0.023984 |
| 2012-12-27 | 0.043 | 0.057326 |
| 2012-12-03 | 0.012 | 0.015996 |
| Attribute | Value |
|---|---|
| All Time High | 77.67 |
| All Time Low | 67.87 |
| Ask | 75.4 |
| Ask Size | 400 |
| Average Daily Volume10 Day | 114,090 |
| Average Daily Volume3 Month | 89,180 |
| Average Volume | 89,180 |
| Average Volume10Days | 114,090 |
| Beta3 Year | 0.04 |
| Bid | 72.37 |
| Bid Size | 100 |
| Category | Ultrashort Bond |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 75.44 |
| Day Low | 75.33 |
| Dividend Yield | 4.33 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 75.2998 |
| Fifty Day Average Change | 0.030204773 |
| Fifty Day Average Change Percent | 0.0004011269 |
| Fifty Two Week Change Percent | 0.053095818 |
| Fifty Two Week High | 75.98 |
| Fifty Two Week High Change | -0.6500015 |
| Fifty Two Week High Change Percent | -0.008554903 |
| Fifty Two Week Low | 74.36 |
| Fifty Two Week Low Change | 0.9700012 |
| Fifty Two Week Low Change Percent | 0.013044664 |
| Fifty Two Week Range | 74.36 - 75.98 |
| First Trade Date Milliseconds | 1,349,962,200,000 |
| Five Year Average Return | 0.0367101 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -0.046402 |
| Fullday Change Percent | -0.0615603 |
| Fullday Price | 75.5 |
| Fund Family | Flexshares Trust |
| Fund Inception Date | 1,349,740,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund seeks to achieve its investment objective by investing at least 80% of its total assets in a portfolio of fixed-income instruments, including bonds, debt securities and other similar instruments issued by U.S. and non-U.S. public and private sector entities. The dollar-weighted average portfolio maturity of the fund is normally not expected to exceed two years. It may invest up to 20% of its total assets in fixed-income securities and instruments of issuers in emerging markets. |
| Long Name | Northern Trust Ultra-Short Fixed Income ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_207419459 |
| Nav Price | 75.348 |
| Net Assets | 1,494,749,180.0 |
| Net Expense Ratio | 0.25 |
| Open | 75.44 |
| Phone | 1-855-353-9383 |
| Post Market Change | 0.16999817 |
| Post Market Change Percent | 0.22567126 |
| Post Market Price | 75.5 |
| Post Market Time | 1,787,959,806 |
| Previous Close | 75.3764 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.046402 |
| Regular Market Change Percent | -0.0615603 |
| Regular Market Day High | 75.44 |
| Regular Market Day Low | 75.33 |
| Regular Market Day Range | 75.33 - 75.44 |
| Regular Market Open | 75.44 |
| Regular Market Previous Close | 75.3764 |
| Regular Market Price | 75.33 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 99,047 |
| Short Name | Northern Trust Ultra-Short Fixe |
| Source Interval | 15 |
| Symbol | RAVI |
| Three Year Average Return | 0.050840996 |
| Total Assets | 1,494,749,184 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 0.97053 |
| Trailing Three Month Returns | 0.97053 |
| Triggerable | 1 |
| Two Hundred Day Average | 75.3669 |
| Two Hundred Day Average Change | -0.036895752 |
| Two Hundred Day Average Change Percent | -0.0004895485 |
| Type Disp | ETF |
| Volume | 99,047 |
| Yield | 0.0433 |
| Ytd Return | 2.10315 |