Short Interest in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Grows By 370.6%

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 64,710 shares, an increase of 370.6% from the May 31st total of 13,751 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 178,939 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds 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. Rock Creek Group LP acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter worth about $50,000. Park National Corp OH raised its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 2.0% in the 4th quarter. Park National Corp OH now owns 122,106 shares of the company’s stock valued at $2,938,000 after acquiring an additional 2,344 shares during the period. BOKF NA boosted its stake 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. CoreCap Advisors LLC boosted its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 24.3% during the 4th quarter. CoreCap Advisors LLC now owns 25,298 shares of the company’s stock worth $609,000 after acquiring an additional 4,940 shares during the last quarter. Finally, IFP Advisors Inc acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the third quarter valued at approximately $121,000.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Up 0.1%

Shares of NYSEARCA:TDTT traded up $0.03 during midday trading on Friday, hitting $23.91. The company had a trading volume of 90,729 shares, compared to its average volume of 246,421. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 12 month low of $23.82 and a 12 month high of $24.51. The firm has a fifty day simple moving average of $24.16 and a 200 day simple moving average of $24.16.

About FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

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.