FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Stock Short Interest Rises 465.9%

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 260,598 shares, an increase of 465.9% from the September 30th total of 46,048 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 488,872 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

A number of large investors have recently made changes to their positions in TDTF. Farther Finance Advisors LLC purchased a new position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund in the third quarter worth about $61,000. Kendall Capital Management grew its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 15.8% during the 3rd quarter. Kendall Capital Management now owns 268,883 shares of the company’s stock valued at $6,098,000 after purchasing an additional 36,636 shares during the period. Farmers National Bank increased its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 12.3% during the 1st quarter. Farmers National Bank now owns 951,855 shares of the company’s stock valued at $22,949,000 after purchasing an additional 104,459 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% during the 1st quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock valued at $11,185,000 after purchasing an additional 139,637 shares during the last quarter.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

Shares of TDTF traded up $0.01 during mid-day trading on Wednesday, reaching $23.09. The company had a trading volume of 407,360 shares, compared to its average volume of 201,269. The firm has a 50-day moving average price of $23.02 and a 200 day moving average price of $23.72. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a 52 week low of $22.63 and a 52 week high of $24.41.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Company Profile

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.