FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Stock Short Interest Rises 465.9%

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 260,598 shares, a growth of 465.9% from the September 30th total of 46,048 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 488,872 shares, the days-to-cover ratio is currently 0.5 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in TDTF. Kendall Capital Management raised its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 15.8% in the third quarter. Kendall Capital Management now owns 268,883 shares of the company’s stock worth $6,098,000 after purchasing an additional 36,636 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the third quarter valued at approximately $61,000. Farmers National Bank boosted its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 12.3% during the first quarter. Farmers National Bank now owns 951,855 shares of the company’s stock valued at $22,949,000 after buying an additional 104,459 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% during the first quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock worth $11,185,000 after buying an additional 139,637 shares in the last quarter.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Down 0.0%

TDTF stock traded down $0.01 during trading on Tuesday, reaching $23.07. 63,245 shares of the stock were exchanged, compared to its average volume of 196,221. The firm’s 50 day moving average is $23.03 and its 200 day moving average is $23.72. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a twelve month low of $22.63 and a twelve month high of $24.41.

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.