FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Short Interest Update

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 46,016 shares, a decline of 46.6% from the April 15th total of 86,119 shares. Based on an average daily volume of 163,269 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

TDTT stock traded down $0.02 during midday trading on Friday, reaching $24.27. The company had a trading volume of 100,771 shares, compared to its average volume of 257,927. The firm has a 50-day moving average price of $24.29 and a 200-day moving average price of $24.20. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 1 year low of $23.95 and a 1 year high of $24.51.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TDTT. Rock Creek Group LP bought a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the third quarter valued at $50,000. Bessemer Group Inc. bought a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the third quarter worth about $63,000. IFP Advisors Inc bought a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the third quarter worth about $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 worth $170,000 after purchasing an additional 6,871 shares in the last quarter. Finally, 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 worth $205,000 after purchasing an additional 4,484 shares in the last quarter.

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.