Short Interest in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Grows By 85.4%

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 72,023 shares, a growth of 85.4% from the July 30th total of 38,848 shares. Based on an average daily volume of 154,624 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

Shares of NYSEARCA TDTF remained flat at $23.25 during trading hours on Monday. The company had a trading volume of 125,414 shares, compared to its average volume of 154,964. The business’s fifty day simple moving average is $23.46 and its 200-day simple moving average is $23.89. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a 1 year low of $22.93 and a 1 year high of $24.49.

Hedge Funds Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

Hedge funds have recently modified their holdings of the business. Cheviot Value Management LLC increased its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 5.9% in the 4th quarter. Cheviot Value Management LLC now owns 1,290,146 shares of the company’s stock valued at $31,047,000 after acquiring an additional 72,245 shares during the period. Farmers National Bank boosted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 12.3% during the 1st quarter. Farmers National Bank now owns 951,855 shares of the company’s stock worth $22,949,000 after purchasing an additional 104,459 shares during the period. Ameriprise Financial Inc. grew its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 7.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 742,554 shares of the company’s stock worth $18,022,000 after purchasing an additional 52,405 shares during the last quarter. Bank of New York Mellon Corp grew its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% during 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 last quarter. Finally, Betterment LLC increased its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% in the fourth 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.

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.