FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sees Significant Growth in Short Interest

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 66,629 shares, a growth of 188.9% from the June 15th total of 23,062 shares. Based on an average trading volume of 201,152 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Up 0.1%

Shares of NYSEARCA TDTF traded up $0.01 during mid-day trading on Wednesday, hitting $23.54. The company had a trading volume of 16,666 shares, compared to its average volume of 157,420. The business’s 50-day simple moving average is $23.86 and its 200 day simple moving average is $24.04. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a 1-year low of $22.93 and a 1-year high of $24.49.

Hedge Funds Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

Several hedge funds and other institutional investors have recently made changes to their positions in TDTF. Betterment LLC increased its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% during the fourth quarter. Betterment LLC now owns 10,304 shares of the company’s stock worth $247,000 after buying an additional 900 shares during the period. Kendall Capital Management lifted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% in the fourth quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock worth $4,419,000 after acquiring an additional 23,566 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% during the 1st quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock worth $11,185,000 after acquiring an additional 139,637 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock worth $16,621,000 after acquiring an additional 526,977 shares in the last quarter. Finally, Farmers National Bank increased its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 49.5% in the 3rd quarter. Farmers National Bank now owns 718,601 shares of the company’s stock valued at $17,440,000 after purchasing an additional 237,864 shares during the last quarter.

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.