FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Short Interest Update

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 110,180 shares, a growth of 2,426.5% from the August 15th total of 4,361 shares. Based on an average daily volume of 218,473 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Virtue Capital Management LLC bought a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the fourth quarter worth about $253,000. Rossby Financial LCC bought a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter worth approximately $1,447,000. Dorsey & Whitney Trust CO LLC grew its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 37.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 36,653 shares of the company’s stock valued at $882,000 after purchasing an additional 10,000 shares in the last quarter. SVB Wealth LLC purchased a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the second quarter worth $239,000. Finally, Wedbush Securities Inc. grew its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% in the 2nd quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock worth $404,000 after acquiring an additional 521 shares in the last quarter.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Down 0.3%

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund stock traded down $0.06 during trading hours on Thursday, reaching $23.49. 546,174 shares of the company were exchanged, compared to its average volume of 239,280. The stock has a 50-day moving average of $23.62 and a 200 day moving average of $23.99. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 12 month low of $23.48 and a 12 month high of $24.46.

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.