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) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 72,023 shares, an increase of 85.4% from the July 30th total of 38,848 shares. Based on an average trading volume of 154,624 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

Institutional investors have recently added to or reduced their stakes in the stock. Betterment LLC increased its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% in the fourth quarter. Betterment LLC now owns 10,304 shares of the company’s stock valued at $247,000 after buying an additional 900 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of 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. boosted its stake in shares of 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. Farmers National Bank grew its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 17.9% in the 4th quarter. Farmers National Bank now owns 847,396 shares of the company’s stock worth $20,308,000 after acquiring an additional 128,795 shares during the period. Finally, Cheviot Value Management LLC grew its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 5.9% in the 4th quarter. Cheviot Value Management LLC now owns 1,290,146 shares of the company’s stock worth $31,047,000 after acquiring an additional 72,245 shares during the period.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

Shares of NYSEARCA:TDTF traded down $0.14 on Friday, reaching $23.25. 101,611 shares of the company were exchanged, compared to its average volume of 155,143. 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. The company has a 50-day moving average of $23.47 and a 200-day moving average of $23.90.

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.