FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Short Interest Up 188.9% in June

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 66,629 shares, a growth of 188.9% from the June 15th total of 23,062 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 201,152 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

Several large investors have recently modified their holdings of the stock. Farmers National Bank grew its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 12.3% in the 1st quarter. Farmers National Bank now owns 951,855 shares of the company’s stock valued at $22,949,000 after buying an additional 104,459 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% in the 1st quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock worth $11,185,000 after acquiring an additional 139,637 shares during the period. Betterment LLC lifted its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% in the 4th quarter. Betterment LLC now owns 10,304 shares of the company’s stock worth $247,000 after acquiring an additional 900 shares during the period. Cheviot Value Management LLC lifted its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 5.9% in the 4th quarter. Cheviot Value Management LLC now owns 1,290,146 shares of the company’s stock worth $31,047,000 after acquiring an additional 72,245 shares during the period. Finally, Kendall Capital Management boosted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% in the fourth quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock valued at $4,419,000 after acquiring an additional 23,566 shares in the last quarter.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Down 0.2%

TDTF traded down $0.05 on Monday, hitting $23.48. 131,483 shares of the company traded hands, compared to its average volume of 158,742. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a 12-month low of $22.93 and a 12-month high of $24.49. The company has a 50 day moving average of $23.89 and a 200-day moving average of $24.05.

About FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

The FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) is an exchange-traded fund that is based on the iBoxx 5-Year Target Duration TIPS index. The fund tracks an index of inflation-protected US government debt with a targeted duration of roughly five years. TDTF was launched on Sep 19, 2011 and is managed by FlexShares.