Short Interest in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Declines By 63.0%

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 23,062 shares, a drop of 63.0% from the May 31st total of 62,330 shares. Based on an average daily volume of 172,521 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

Institutional investors have recently made changes to their positions in the stock. Farmers National Bank lifted its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 12.3% in the first quarter. Farmers National Bank now owns 951,855 shares of the company’s stock valued at $22,949,000 after acquiring an additional 104,459 shares in the last quarter. Bank of New York Mellon Corp raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% in 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. Betterment LLC raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% in the 4th quarter. Betterment LLC now owns 10,304 shares of the company’s stock valued at $247,000 after purchasing an additional 900 shares during the last quarter. Cheviot Value Management LLC raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 5.9% in the 4th quarter. Cheviot Value Management LLC now owns 1,290,146 shares of the company’s stock valued at $31,047,000 after purchasing an additional 72,245 shares during the last quarter. Finally, Kendall Capital Management lifted its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% in the 4th quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock valued at $4,419,000 after purchasing an additional 23,566 shares in the last quarter.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund stock opened at $23.80 on Friday. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a 1 year low of $23.60 and a 1 year high of $24.49. The business has a 50 day moving average price of $24.03 and a 200 day moving average price of $24.08.

About FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

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.