Short Interest in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Grows By 673.3%

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 102,713 shares, an increase of 673.3% from the March 31st total of 13,283 shares. Based on an average daily trading volume, of 135,498 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TDTF. Farmers National Bank grew its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 17.9% during the 4th quarter. Farmers National Bank now owns 847,396 shares of the company’s stock worth $20,308,000 after acquiring an additional 128,795 shares during the last quarter. Betterment LLC raised its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% during the fourth quarter. Betterment LLC now owns 10,304 shares of the company’s stock valued at $247,000 after acquiring an additional 900 shares during the last quarter. Cheviot Value Management LLC lifted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 5.9% during the fourth quarter. Cheviot Value Management LLC now owns 1,290,146 shares of the company’s stock worth $31,047,000 after purchasing an additional 72,245 shares during the period. Kendall Capital Management grew its stake 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 worth $4,419,000 after purchasing an additional 23,566 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 7.6% in the third quarter. Ameriprise Financial Inc. now owns 742,554 shares of the company’s stock worth $18,022,000 after purchasing an additional 52,405 shares during the last quarter.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Trading Up 0.2%

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund stock traded up $0.06 during midday trading on Friday, hitting $24.37. 99,196 shares of the company traded hands, compared to its average volume of 142,531. The firm’s fifty day moving average price is $24.20 and its 200-day moving average price is $24.15. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a 12 month low of $23.64 and a 12 month high of $24.49.

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.