FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Large Growth in Short Interest

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 54,628 shares, an increase of 371.7% from the December 15th total of 11,580 shares. Based on an average daily volume of 311,290 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 311,290 shares, the days-to-cover ratio is presently 0.2 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC raised its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 1,168.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 416,916 shares of the company’s stock valued at $10,144,000 after purchasing an additional 384,039 shares during the period. Horizon Bancorp Inc. IN boosted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.0% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 346,313 shares of the company’s stock worth $8,426,000 after acquiring an additional 22,714 shares during the last quarter. Lake Street Private Wealth LLC grew its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 4.8% during the 3rd quarter. Lake Street Private Wealth LLC now owns 172,116 shares of the company’s stock worth $4,188,000 after acquiring an additional 7,912 shares in the last quarter. Park National Corp OH raised its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 2.0% in the fourth quarter. Park National Corp OH now owns 122,106 shares of the company’s stock valued at $2,938,000 after purchasing an additional 2,344 shares during the last quarter. Finally, Lynx Investment Advisory lifted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 12.6% in the third quarter. Lynx Investment Advisory now owns 37,322 shares of the company’s stock worth $908,000 after purchasing an additional 4,190 shares in the last quarter.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund stock opened at $24.09 on Thursday. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a twelve month low of $23.71 and a twelve month high of $24.51. The company has a 50 day moving average of $24.12 and a 200-day moving average of $24.23.

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.