FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 20,167 shares, a decrease of 87.0% from the July 15th total of 154,631 shares. Based on an average trading volume of 216,141 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BOKF NA grew its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 113.5% during the third quarter. BOKF NA now owns 8,433 shares of the company’s stock worth $205,000 after buying an additional 4,484 shares in the last quarter. Horizon Investments LLC lifted its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3,225.8% in the fourth quarter. Horizon Investments LLC now owns 7,084 shares of the company’s stock worth $170,000 after buying an additional 6,871 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 37.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 36,653 shares of the company’s stock worth $882,000 after buying an additional 10,000 shares in the last quarter. Virtue Capital Management LLC acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the fourth quarter worth about $253,000. Finally, Rossby Financial LCC acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the fourth quarter worth about $1,447,000.
FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance
Shares of NYSEARCA TDTT traded up $0.01 during midday trading on Friday, hitting $23.57. The stock had a trading volume of 154,671 shares, compared to its average volume of 238,870. The stock has a 50 day simple moving average of $23.75 and a 200-day simple moving average of $24.07. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 1 year low of $23.51 and a 1 year high of $24.51.
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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