FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF – Get Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 38,848 shares, a decline of 38.6% from the July 15th total of 63,267 shares. Based on an average daily trading volume, of 125,915 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.
Institutional Investors Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund
Several institutional investors have recently modified their holdings of TDTF. Ameriprise Financial Inc. lifted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% during the second quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock worth $16,621,000 after purchasing an additional 526,977 shares during the last quarter. Bank of New York Mellon Corp increased its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% in the first quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock valued at $11,185,000 after purchasing an additional 139,637 shares during the last quarter. Farmers National Bank raised its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 17.9% during the fourth quarter. Farmers National Bank now owns 847,396 shares of the company’s stock worth $20,308,000 after purchasing an additional 128,795 shares in the last quarter. Cheviot Value Management LLC raised its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 5.9% during the fourth 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 in the last quarter. Finally, Betterment LLC lifted its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% during the 4th quarter. Betterment LLC now owns 10,304 shares of the company’s stock worth $247,000 after buying an additional 900 shares during the last quarter.
FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Up 0.2%
NYSEARCA:TDTF traded up $0.04 during mid-day trading on Wednesday, hitting $23.40. The stock had a trading volume of 11,832 shares, compared to its average volume of 155,720. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a twelve month low of $22.93 and a twelve month high of $24.49. The stock has a 50-day simple moving average of $23.53 and a two-hundred day simple moving average of $23.94.
FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Company Profile
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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