FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Large Increase in Short Interest

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 122,236 shares, an increase of 88.9% from the June 15th total of 64,710 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 265,470 shares, the short-interest ratio is presently 0.5 days.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Up 0.1%

NYSEARCA:TDTT traded up $0.03 during trading hours on Friday, hitting $23.73. 203,379 shares of the stock were exchanged, compared to its average volume of 244,209. The company’s 50 day moving average is $23.98 and its two-hundred day moving average is $24.13. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a twelve month low of $23.64 and a twelve month high of $24.51.

Institutional Investors Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Virtue Capital Management LLC bought a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter valued at about $253,000. Horizon Bancorp Inc. IN lifted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% during the 1st quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock valued at $8,886,000 after purchasing an additional 24,279 shares during the period. CoreCap Advisors LLC lifted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 14.3% during the 2nd quarter. CoreCap Advisors LLC now owns 33,820 shares of the company’s stock valued at $809,000 after purchasing an additional 4,219 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 37.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 36,653 shares of the company’s stock valued at $882,000 after purchasing an additional 10,000 shares during the period. Finally, BOKF NA boosted its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 113.5% in the 3rd quarter. BOKF NA now owns 8,433 shares of the company’s stock valued at $205,000 after purchasing an additional 4,484 shares during the last quarter.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Company Profile

The FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) is an exchange-traded fund that is based on the iBoxx 3-Year Target Duration TIPS index. The fund tracks an index of inflation-protected US government debt with maturity dates of 1-10 years. TDTT was launched on Sep 19, 2011 and is managed by FlexShares.