FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Short Interest Down 46.6% in April

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 April. As of April 30th, there was short interest totaling 46,016 shares, a decrease of 46.6% from the April 15th total of 86,119 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 163,269 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TDTT. Horizon Bancorp Inc. IN grew its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.0% in the third quarter. Horizon Bancorp Inc. IN now owns 346,313 shares of the company’s stock worth $8,426,000 after purchasing an additional 22,714 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the third quarter worth about $63,000. Lynx Investment Advisory grew its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 12.6% in the third quarter. Lynx Investment Advisory now owns 37,322 shares of the company’s stock worth $908,000 after purchasing an additional 4,190 shares during the last quarter. Lake Street Private Wealth LLC grew its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 4.8% in the third quarter. Lake Street Private Wealth LLC now owns 172,116 shares of the company’s stock worth $4,188,000 after purchasing an additional 7,912 shares during the last quarter. Finally, Rock Creek Group LP bought a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the third quarter worth about $50,000.

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

Shares of TDTT traded down $0.02 during mid-day trading on Friday, reaching $24.27. 100,771 shares of the company’s stock traded hands, compared to its average volume of 257,927. The stock’s 50-day moving average is $24.29 and its two-hundred day moving average is $24.20. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 12 month low of $23.95 and a 12 month high of $24.51.

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.