Short Interest in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Expands By 88.9%

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 122,236 shares, an increase of 88.9% from the June 15th total of 64,710 shares. Based on an average trading volume of 265,470 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Large investors have recently bought and sold shares of the company. IFP Advisors Inc acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter worth approximately $121,000. Horizon Investments LLC boosted its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3,225.8% in the 4th quarter. Horizon Investments LLC now owns 7,084 shares of the company’s stock valued at $170,000 after acquiring an additional 6,871 shares during the last quarter. BOKF NA boosted its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 113.5% in the 3rd quarter. BOKF NA now owns 8,433 shares of the company’s stock valued at $205,000 after acquiring an additional 4,484 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% in the first quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock worth $210,000 after acquiring an additional 6,697 shares during the period. Finally, Virtue Capital Management LLC acquired a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter worth $253,000.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Down 0.1%

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund stock traded down $0.03 during trading hours on Thursday, hitting $23.70. 222,943 shares of the stock traded hands, compared to its average volume of 244,514. The firm’s 50 day moving average price is $24.00 and its 200-day moving average price is $24.13. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 1 year low of $23.64 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.