FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Shares Shorted: Short Interest Down 90.6% in October

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 54,825 shares, a decline of 90.6% from the September 30th total of 584,324 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 535,655 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Institutional investors have recently made changes to their positions in the company. Horizon Bancorp Inc. IN grew its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% during the 1st quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock worth $8,886,000 after acquiring an additional 24,279 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 2nd quarter valued at about $239,000. Park National Corp OH raised its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 11.9% in the 3rd quarter. Park National Corp OH now owns 70,052 shares of the company’s stock valued at $1,627,000 after purchasing an additional 7,476 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% in the 1st quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock worth $210,000 after purchasing an additional 6,697 shares during the period. Finally, CoreCap Advisors LLC lifted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 16.6% in the 3rd quarter. CoreCap Advisors LLC now owns 39,449 shares of the company’s stock worth $916,000 after purchasing an additional 5,629 shares during the period.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

Shares of TDTT stock traded down $0.01 during mid-day trading on Monday, hitting $23.52. The stock had a trading volume of 597,754 shares, compared to its average volume of 287,848. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 12-month low of $23.17 and a 12-month high of $24.46. The firm’s 50-day moving average is $23.42 and its two-hundred day moving average is $23.91.

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.