FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Short Interest Down 78.4% in August

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 4,361 shares, a decline of 78.4% from the July 30th total of 20,167 shares. Based on an average daily volume of 191,782 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

Shares of NYSEARCA:TDTT opened at $23.62 on Wednesday. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 12-month low of $23.51 and a 12-month high of $24.51. The company’s 50 day moving average price is $23.69 and its two-hundred day moving average price is $24.04.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. raised its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% during the 2nd quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock worth $404,000 after purchasing an additional 521 shares during the last quarter. CoreCap Advisors LLC increased its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 14.3% in the second quarter. CoreCap Advisors LLC now owns 33,820 shares of the company’s stock valued at $809,000 after buying an additional 4,219 shares during the period. BOKF NA increased its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 113.5% in the third quarter. BOKF NA now owns 8,433 shares of the company’s stock valued at $205,000 after buying an additional 4,484 shares during the period. Bessemer Group Inc. raised its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% during the first quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock worth $210,000 after acquiring an additional 6,697 shares during the last quarter. Finally, Horizon Investments LLC lifted its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3,225.8% in the fourth quarter. Horizon Investments LLC now owns 7,084 shares of the company’s stock worth $170,000 after acquiring an additional 6,871 shares during the period.

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.