FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Unusually-High Trading Volume – Time to Buy?

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) shares saw an uptick in trading volume on Tuesday . 239,237 shares traded hands during mid-day trading, an increase of 42% from the previous session’s volume of 168,381 shares.The stock last traded at $23.86 and had previously closed at $23.85.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Trading Down 0.2 %

The company has a 50-day moving average of $23.91 and a 200 day moving average of $23.68.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV bought a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter worth approximately $72,000. Indiana Trust & Investment Management CO raised its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 1,270.9% during the first quarter. Indiana Trust & Investment Management CO now owns 7,156 shares of the company’s stock worth $170,000 after acquiring an additional 6,634 shares during the last quarter. Lynx Investment Advisory acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the second quarter valued at $739,000. Deane Retirement Strategies Inc. bought a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the second quarter valued at about $3,664,000. Finally, Horizon Bancorp Inc. IN acquired a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the first quarter worth about $4,945,000.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Company Profile

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.