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

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 13,751 shares, a decline of 82.0% from the May 14th total of 76,556 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 227,972 shares, the short-interest ratio is presently 0.1 days.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

Shares of TDTT traded down $0.01 during midday trading on Friday, hitting $23.97. The stock had a trading volume of 77,151 shares, compared to its average volume of 248,565. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a fifty-two week low of $23.93 and a fifty-two week high of $24.51. The business has a 50-day simple moving average of $24.25 and a two-hundred day simple moving average of $24.19.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rock Creek Group LP acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter worth approximately $50,000. Bessemer Group Inc. acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter worth approximately $63,000. IFP Advisors Inc acquired a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the third quarter worth approximately $121,000. Horizon Investments LLC boosted its holdings in shares of 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 purchasing an additional 6,871 shares during the period. Finally, BOKF NA boosted its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 113.5% during the third quarter. BOKF NA now owns 8,433 shares of the company’s stock worth $205,000 after purchasing an additional 4,484 shares during the period.

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.