FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Stock Short Interest Declines 90.6%

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 54,825 shares, a decline of 90.6% from the September 30th total of 584,324 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 535,655 shares, the short-interest ratio is presently 0.1 days.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Down 0.0%

Shares of NYSEARCA:TDTT traded down $0.01 during trading hours on Monday, hitting $23.52. 597,754 shares of the company’s stock traded hands, compared to its average volume of 287,848. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 1 year low of $23.17 and a 1 year high of $24.46. The business has a fifty day moving average price of $23.42 and a 200-day moving average price of $23.91.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TDTT. CoreCap Advisors LLC boosted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 16.6% in the 3rd quarter. CoreCap Advisors LLC now owns 39,449 shares of the company’s stock valued at $916,000 after buying an additional 5,629 shares during the period. Park National Corp OH increased its position in shares of 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 worth $1,627,000 after acquiring an additional 7,476 shares during the period. SVB Wealth LLC purchased a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the second quarter worth approximately $239,000. Wedbush Securities Inc. increased its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% during the second 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, Bessemer Group Inc. raised its stake 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 valued at $210,000 after acquiring an additional 6,697 shares in the last quarter.

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.