FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Short Interest Up 107.2% in February

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 35,742 shares, a growth of 107.2% from the January 29th total of 17,251 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 273,162 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 273,162 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

Shares of TDTT stock traded up $0.02 during mid-day trading on Friday, hitting $24.27. The stock had a trading volume of 287,000 shares, compared to its average volume of 311,146. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 12-month low of $23.83 and a 12-month high of $24.51. The firm’s 50-day moving average is $24.12 and its two-hundred day moving average is $24.22.

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

Several institutional investors have recently bought and sold shares of TDTT. Rock Creek Group LP bought a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the third quarter worth approximately $50,000. CX Institutional bought a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter worth $55,000. Bessemer Group Inc. purchased a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter worth $63,000. IFP Advisors Inc purchased a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter worth $121,000. Finally, Horizon Investments LLC boosted its position 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 valued at $170,000 after purchasing an additional 6,871 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.