FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Short Interest Update

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 54,628 shares, a growth of 371.7% from the December 15th total of 11,580 shares. Based on an average daily volume of 311,290 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 311,290 shares, the days-to-cover ratio is presently 0.2 days.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

Shares of NYSEARCA TDTT traded up $0.01 during midday trading on Tuesday, hitting $24.09. 123,354 shares of the company’s stock were exchanged, compared to its average volume of 232,835. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a twelve month low of $23.62 and a twelve month high of $24.51. The stock’s 50 day moving average price is $24.13 and its 200-day moving average price is $24.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TDTT. Rock Creek Group LP bought a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the third quarter valued at about $50,000. CX Institutional acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter valued at about $55,000. Bessemer Group Inc. bought a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter worth about $63,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 2nd quarter worth about $119,000. Finally, IFP Advisors Inc acquired a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter worth approximately $121,000.

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.