FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT – Get Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 76,556 shares, an increase of 66.4% from the April 30th total of 46,016 shares. Based on an average daily volume of 183,410 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold.
FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Down 0.0%
NYSEARCA:TDTT opened at $24.02 on Friday. The firm’s fifty day moving average is $24.27 and its 200-day moving average is $24.19. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 52 week low of $23.95 and a 52 week high of $24.51.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Flow Traders U.S. LLC boosted its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 1,168.1% during the third quarter. Flow Traders U.S. LLC now owns 416,916 shares of the company’s stock worth $10,144,000 after acquiring an additional 384,039 shares in the last quarter. Horizon Bancorp Inc. IN raised its holdings in shares of 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 valued at $8,886,000 after purchasing an additional 24,279 shares during the last quarter. Lake Street Private Wealth LLC increased its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 4.8% during the third quarter. Lake Street Private Wealth LLC now owns 172,116 shares of the company’s stock worth $4,188,000 after buying an additional 7,912 shares during the last quarter. Park National Corp OH increased its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 2.0% during the fourth quarter. Park National Corp OH now owns 122,106 shares of the company’s stock worth $2,938,000 after buying an additional 2,344 shares during the last quarter. Finally, Rossby Financial LCC purchased a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the fourth quarter worth about $1,447,000.
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.
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