FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Large Volume Increase – Still a Buy?

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw unusually-strong trading volume on Tuesday. 2,502,502 shares were traded during mid-day trading, an increase of 891% from the previous session’s volume of 252,499 shares. The stock last traded at $23.1950 and had previously closed at $23.21.

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

The company’s fifty day simple moving average is $23.52 and its 200 day simple moving average is $23.90.

Institutional Investors Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Hedge funds have recently made changes to their positions in the company. SVB Wealth LLC purchased a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the second quarter worth about $239,000. Wedbush Securities Inc. grew its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% during the second quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock valued at $404,000 after buying an additional 521 shares during the last quarter. CoreCap Advisors LLC increased its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 14.3% during the second quarter. CoreCap Advisors LLC now owns 33,820 shares of the company’s stock valued at $809,000 after acquiring an additional 4,219 shares in the last quarter. Bessemer Group Inc. increased its position 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 valued at $210,000 after acquiring an additional 6,697 shares in the last quarter. Finally, Horizon Bancorp Inc. IN raised its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% in the 1st quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock worth $8,886,000 after acquiring an additional 24,279 shares during the last quarter.

About FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

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.