FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 23,062 shares, a decrease of 63.0% from the May 31st total of 62,330 shares. Based on an average daily volume of 172,521 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in TDTF. Farmers National Bank boosted its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 12.3% in the first quarter. Farmers National Bank now owns 951,855 shares of the company’s stock valued at $22,949,000 after acquiring an additional 104,459 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% in the 1st quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock worth $11,185,000 after purchasing an additional 139,637 shares during the period. Betterment LLC lifted its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% in the 4th quarter. Betterment LLC now owns 10,304 shares of the company’s stock valued at $247,000 after purchasing an additional 900 shares in the last quarter. Cheviot Value Management LLC grew its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 5.9% during the 4th quarter. Cheviot Value Management LLC now owns 1,290,146 shares of the company’s stock worth $31,047,000 after purchasing an additional 72,245 shares during the period. Finally, Kendall Capital Management increased its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% during the 4th quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock worth $4,419,000 after purchasing an additional 23,566 shares in the last quarter.
FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Up 0.2%
NYSEARCA:TDTF opened at $23.80 on Friday. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a fifty-two week low of $23.60 and a fifty-two week high of $24.49. The firm’s 50 day moving average is $24.03 and its two-hundred day moving average is $24.08.
About FlexShares iBoxx 5 Year Target Duration TIPS Index Fund
The FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) is an exchange-traded fund that is based on the iBoxx 5-Year Target Duration TIPS index. The fund tracks an index of inflation-protected US government debt with a targeted duration of roughly five years. TDTF was launched on Sep 19, 2011 and is managed by FlexShares.
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