FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Large Drop in Short Interest

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 11,285 shares, a decrease of 79.4% from the October 15th total of 54,825 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 536,245 shares, the short-interest ratio is presently 0.0 days.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund stock remained flat at $23.27 during trading on Friday. 345,629 shares of the stock were exchanged, compared to its average volume of 291,787. The stock’s 50-day moving average is $23.38 and its two-hundred day moving average is $23.86. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a one year low of $23.17 and a one year high of $24.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. United Southern Bank Trust Department purchased a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter worth approximately $174,000. Lynx Investment Advisory grew its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 8.0% in the 3rd quarter. Lynx Investment Advisory now owns 75,167 shares of the company’s stock worth $1,746,000 after buying an additional 5,579 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 16.6% in the 3rd quarter. CoreCap Advisors LLC now owns 39,449 shares of the company’s stock worth $916,000 after buying an additional 5,629 shares during the last quarter. Park National Corp OH increased its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 11.9% during the third quarter. Park National Corp OH now owns 70,052 shares of the company’s stock valued at $1,627,000 after buying an additional 7,476 shares during the period. Finally, SVB Wealth LLC purchased a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the second quarter valued at approximately $239,000.

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.