FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Shares Shorted: Short Interest Up 444.4% in September

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 584,324 shares, a growth of 444.4% from the September 15th total of 107,339 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 649,210 shares, the short-interest ratio is presently 0.9 days.

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

NYSEARCA TDTT traded down $0.02 during midday trading on Friday, hitting $23.32. 659,728 shares of the company traded hands, compared to its average volume of 268,812. The company’s 50-day simple moving average is $23.45 and its 200-day simple moving average is $23.84. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 52 week low of $23.17 and a 52 week high of $24.46.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. lifted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% during the second quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock valued at $404,000 after buying an additional 521 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 14.3% in the 2nd quarter. CoreCap Advisors LLC now owns 33,820 shares of the company’s stock worth $809,000 after buying an additional 4,219 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% during the 1st quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock worth $210,000 after acquiring an additional 6,697 shares in the last quarter. Park National Corp OH raised its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 11.9% during the 3rd quarter. Park National Corp OH now owns 70,052 shares of the company’s stock worth $1,627,000 after acquiring an additional 7,476 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the second quarter valued at approximately $239,000.

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.