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 growth in short interest in September. As of September 30th, there was short interest totaling 584,324 shares, a growth of 444.4% from the September 15th total of 107,339 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 649,210 shares, the short-interest ratio is currently 0.9 days.

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

NYSEARCA TDTT traded down $0.02 during trading hours on Friday, hitting $23.32. The company had a trading volume of 659,728 shares, compared to its average volume of 268,812. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 52 week low of $23.17 and a 52 week high of $24.46. The firm has a 50 day simple moving average of $23.45 and a 200 day simple moving average of $23.84.

Institutional Investors Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Horizon Bancorp Inc. IN boosted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% in the first quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock valued at $8,886,000 after acquiring an additional 24,279 shares during the period. Park National Corp OH grew its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 11.9% during the third quarter. Park National Corp OH now owns 70,052 shares of the company’s stock valued at $1,627,000 after acquiring an additional 7,476 shares in the last quarter. CoreCap Advisors LLC increased its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 16.6% during the 3rd quarter. CoreCap Advisors LLC now owns 39,449 shares of the company’s stock worth $916,000 after acquiring an additional 5,629 shares during the period. Wedbush Securities Inc. increased its holdings 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 acquiring an additional 521 shares during the period. Finally, SVB Wealth LLC bought a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 2nd quarter worth approximately $239,000.

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.