FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Unusually-High Trading Volume – Here’s What Happened

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) shares saw unusually-strong trading volume on Wednesday. Approximately 821,801 shares changed hands during mid-day trading, an increase of 200% from the previous session’s volume of 273,859 shares. The stock last traded at $23.3150 and had previously closed at $23.33.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

The company’s 50 day simple moving average is $23.44 and its 200 day simple moving average is $23.83.

Institutional Trading of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC grew its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 16.6% in the third quarter. CoreCap Advisors LLC now owns 39,449 shares of the company’s stock valued at $916,000 after purchasing an additional 5,629 shares during the last quarter. Park National Corp OH boosted its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 11.9% in the 3rd quarter. Park National Corp OH now owns 70,052 shares of the company’s stock worth $1,627,000 after acquiring an additional 7,476 shares during the period. SVB Wealth LLC purchased a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 2nd quarter worth approximately $239,000. Wedbush Securities Inc. grew its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% in the second quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock worth $404,000 after purchasing an additional 521 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% during the first quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock worth $210,000 after purchasing an additional 6,697 shares during the period.

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.