FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Short Interest Up 4,981.8% in October

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 55,900 shares, an increase of 4,981.8% from the September 30th total of 1,100 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 360,900 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 360,900 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

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

TDTT stock opened at $24.33 on Tuesday. The company has a fifty day moving average price of $24.36 and a two-hundred day moving average price of $24.22. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a one year low of $23.53 and a one year high of $24.51.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CX Institutional bought a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the third quarter worth $55,000. CoreCap Advisors LLC boosted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 38.9% during the third quarter. CoreCap Advisors LLC now owns 20,358 shares of the company’s stock worth $495,000 after purchasing an additional 5,703 shares during the period. Flow Traders U.S. LLC bought a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the second quarter worth $797,000. Dorsey & Whitney Trust CO LLC boosted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 23.1% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 26,653 shares of the company’s stock worth $646,000 after purchasing an additional 5,000 shares during the period. Finally, Whittier Trust Co. bought a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the second quarter worth $484,000.

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.