FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Short Interest Up 88.9% in June

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 122,236 shares, an increase of 88.9% from the June 15th total of 64,710 shares. Based on an average daily volume of 265,470 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Rossby Financial LCC acquired a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter worth approximately $1,447,000. Horizon Bancorp Inc. IN lifted its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% in the 1st quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock valued at $8,886,000 after purchasing an additional 24,279 shares during the period. Virtue Capital Management LLC acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 4th quarter valued at $253,000. Dorsey & Whitney Trust CO LLC boosted its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 37.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 36,653 shares of the company’s stock worth $882,000 after buying an additional 10,000 shares in the last quarter. Finally, Horizon Investments LLC boosted its holdings in 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 buying an additional 6,871 shares in the last quarter.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

Shares of NYSEARCA TDTT traded down $0.03 during trading on Thursday, reaching $23.70. 222,943 shares of the company traded hands, compared to its average volume of 244,514. The firm’s fifty day simple moving average is $24.00 and its 200 day simple moving average is $24.13. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 12-month low of $23.64 and a 12-month high of $24.51.

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.