Short Interest in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Drops By 63.0%

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 23,062 shares, a decrease of 63.0% from the May 31st total of 62,330 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 172,521 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Betterment LLC grew its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% during the 4th quarter. Betterment LLC now owns 10,304 shares of the company’s stock valued at $247,000 after purchasing an additional 900 shares during the period. Kendall Capital Management lifted its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% in the 4th quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock worth $4,419,000 after purchasing an additional 23,566 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% in the 1st quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock worth $11,185,000 after purchasing an additional 139,637 shares during the period. Ameriprise Financial Inc. grew its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% during the second quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock valued at $16,621,000 after buying an additional 526,977 shares during the period. Finally, Farmers National Bank increased its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 49.5% during the third quarter. Farmers National Bank now owns 718,601 shares of the company’s stock valued at $17,440,000 after buying an additional 237,864 shares during the last quarter.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

TDTF traded down $0.06 during mid-day trading on Tuesday, reaching $23.77. 236,526 shares of the company traded hands, compared to its average volume of 158,446. The company’s fifty day moving average price is $24.02 and its 200-day moving average price is $24.08. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a 52-week low of $23.60 and a 52-week high of $24.49.

About FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

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.