FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Short Interest Down 20.4% in January

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 43,487 shares, a decline of 20.4% from the December 31st total of 54,628 shares. Based on an average daily volume of 456,140 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 456,140 shares, the days-to-cover ratio is currently 0.1 days.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Up 0.0%

Shares of NYSEARCA:TDTT traded up $0.01 during trading on Friday, reaching $24.18. The company’s stock had a trading volume of 189,429 shares, compared to its average volume of 347,956. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 12 month low of $23.83 and a 12 month high of $24.51. The firm’s 50 day simple moving average is $24.10 and its two-hundred day simple moving average is $24.23.

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

Several hedge funds and other institutional investors have recently bought and sold shares of TDTT. Rock Creek Group LP purchased a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter worth about $50,000. CX Institutional purchased a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter worth $55,000. Bessemer Group Inc. purchased a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the third quarter valued at approximately $63,000. Morgan Dempsey Capital Management LLC acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the second quarter valued at approximately $119,000. Finally, IFP Advisors Inc purchased a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter valued at about $121,000.

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.