FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Trading Down 0.3% – What’s Next?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF)’s share price traded down 0.3% during mid-day trading on Tuesday . The company traded as low as $23.44 and last traded at $23.47. 111,665 shares were traded during trading, a decline of 25% from the average session volume of 149,261 shares. The stock had previously closed at $23.55.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Trading Down 0.3 %

The stock’s 50-day simple moving average is $23.87 and its 200-day simple moving average is $23.61.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund stock. First PREMIER Bank bought a new stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,400 shares of the company’s stock, valued at approximately $82,000.

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.