FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Stock Short Interest Drops 49.3%

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 46,048 shares, a drop of 49.3% from the September 15th total of 90,763 shares. Based on an average trading volume of 325,658 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

NYSEARCA TDTF traded up $0.01 on Wednesday, reaching $22.82. 137,732 shares of the company were exchanged, compared to its average volume of 179,973. The business’s fifty day moving average price is $23.08 and its 200 day moving average price is $23.61. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a fifty-two week low of $22.63 and a fifty-two week high of $24.41.

Institutional Investors Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDTF. Farther Finance Advisors LLC acquired a new stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the 3rd quarter worth about $61,000. Bank of New York Mellon Corp lifted its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% in the first quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock valued at $11,185,000 after buying an additional 139,637 shares during the last quarter. Finally, Farmers National Bank boosted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 17.9% during the fourth quarter. Farmers National Bank now owns 847,396 shares of the company’s stock worth $20,308,000 after buying an additional 128,795 shares during the period.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Company Profile

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.