Short Interest in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Expands By 66.4%

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 76,556 shares, an increase of 66.4% from the April 30th total of 46,016 shares. Based on an average daily volume of 183,410 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Rock Creek Group LP acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter worth $50,000. Bessemer Group Inc. acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter worth $63,000. IFP Advisors Inc acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter worth $121,000. Horizon Investments LLC lifted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3,225.8% during the 4th quarter. Horizon Investments LLC now owns 7,084 shares of the company’s stock worth $170,000 after acquiring an additional 6,871 shares during the last quarter. Finally, BOKF NA lifted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 113.5% during the 3rd quarter. BOKF NA now owns 8,433 shares of the company’s stock worth $205,000 after acquiring an additional 4,484 shares during the last quarter.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

TDTT stock opened at $24.03 on Thursday. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 1 year low of $23.95 and a 1 year high of $24.51. The company has a fifty day simple moving average of $24.27 and a 200 day simple moving average of $24.20.

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.