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Northern Trust Ultra-Short Fixed Income ETF seeks maximum current income consistent with the preservation of capital and liquidity. The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets in a portfolio of fixed-income instruments, including bonds, debt securities and other similar instru- ments issued by U.S. and non-U.S. public and private sector entities. Such issuers include, without limitation, U.S. and non-U.S. governments and their agencies, instrumentalities or sponsored enterprises, U.S. state and local governments and municipalities, and U.S. and non-U.S. private sector entities, such as corporations and banks. The average portfolio duration of this Fund will vary based on The Northern Trust Company Investment Policy Committee's forecast for interest rates and will normally not exceed one year. Duration measures the price sensitivity of a fixed- income security to changes in interest rates. Interest rate changes have a greater effect on the price of fixed-income securities with longer durations. The dollar-weighted aver- age portfolio maturity of the Fund is normally not expected to exceed two years.
Northern Trust Ultra-Short Fixed Income ETF trades on the ARCA stock market under the symbol RAVI.
As of October 9, 2026, RAVI stock price climbed to $75.06 with 18,641 million shares trading.
RAVI has a beta of 0.01, meaning it tends to be less sensitive to market movements. RAVI has a correlation of 0.04 to the broad based SPY ETF.
RAVI has a market cap of $1.61 billion. This is considered a Small Cap stock.
In the last 3 years, RAVI traded as high as $76.66 and as low as $74.36.
RAVI has underperformed the market in the last year with a price return of +3.7% while the SPY ETF gained +17.1%. RAVI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.8% and +0.2%, respectively, while the SPY returned +3.8% and +0.9%, respectively.
RAVI support price is $74.99 and resistance is $75.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RAVI shares will trade within this expected range on the day.