FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT – Get Free Report) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 13,751 shares, a decline of 82.0% from the May 14th total of 76,556 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 227,972 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund
A number of hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. raised its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% during the 1st quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock valued at $210,000 after buying an additional 6,697 shares during the last quarter. Horizon Bancorp Inc. IN raised its stake 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 buying an additional 24,279 shares during the last quarter. Virtue Capital Management LLC purchased a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter valued at $253,000. Rossby Financial LCC purchased a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter valued at $1,447,000. Finally, Dorsey & Whitney Trust CO LLC raised its stake 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 buying an additional 10,000 shares during the last quarter.
FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance
TDTT remained flat at $23.95 during mid-day trading on Wednesday. 89,031 shares of the company’s stock were exchanged, compared to its average volume of 250,608. The stock’s 50-day moving average is $24.26 and its two-hundred day moving average is $24.19. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 1-year low of $23.93 and a 1-year high of $24.51.
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.
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