FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Large Volume Increase – Here’s What Happened

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) shares saw strong trading volume on Thursday . 381,287 shares traded hands during mid-day trading, an increase of 61% from the previous session’s volume of 237,258 shares.The stock last traded at $23.5750 and had previously closed at $23.53.

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

The firm has a 50 day moving average price of $23.76 and a 200-day moving average price of $24.07.

Hedge Funds Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Several institutional investors and hedge funds have recently modified their holdings of TDTT. Horizon Investments LLC boosted its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3,225.8% during the fourth quarter. Horizon Investments LLC now owns 7,084 shares of the company’s stock worth $170,000 after buying an additional 6,871 shares in the last quarter. BOKF NA grew its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 113.5% in the third quarter. BOKF NA now owns 8,433 shares of the company’s stock valued at $205,000 after purchasing an additional 4,484 shares during the period. Bessemer Group Inc. increased its stake 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 in the last quarter. Virtue Capital Management LLC acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter worth about $253,000. Finally, CoreCap Advisors LLC raised its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 14.3% during the 2nd quarter. CoreCap Advisors LLC now owns 33,820 shares of the company’s stock worth $809,000 after purchasing an additional 4,219 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.