Short Interest in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Grows By 2,426.5%

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 110,180 shares, an increase of 2,426.5% from the August 15th total of 4,361 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 218,473 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Rossby Financial LCC bought a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter worth $1,447,000. Horizon Bancorp Inc. IN lifted its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% in the first quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock worth $8,886,000 after purchasing an additional 24,279 shares during the period. Virtue Capital Management LLC acquired a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter worth about $253,000. SVB Wealth LLC bought a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 2nd quarter valued at about $239,000. Finally, Dorsey & Whitney Trust CO LLC grew its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 37.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 36,653 shares of the company’s stock valued at $882,000 after buying an additional 10,000 shares in the last quarter.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Down 0.3%

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund stock opened at $23.41 on Friday. The company has a fifty day moving average price of $23.61 and a two-hundred day moving average price of $23.98. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 12 month low of $23.39 and a 12 month high of $24.46.

About FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

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.