FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Short Interest Up 2,426.5% in August

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the target of a large growth in short interest in 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 trading volume, of 218,473 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund stock traded down $0.06 during midday trading on Thursday, hitting $23.49. 546,174 shares of the company were exchanged, compared to its average volume of 239,280. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a fifty-two week low of $23.48 and a fifty-two week high of $24.46. The company’s fifty day moving average price is $23.62 and its 200-day moving average price is $23.99.

Institutional Investors Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rossby Financial LCC bought a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter valued at about $1,447,000. Horizon Bancorp Inc. IN lifted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% in the 1st quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock worth $8,886,000 after buying an additional 24,279 shares during the last quarter. Virtue Capital Management LLC purchased a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter valued at about $253,000. SVB Wealth LLC bought a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the second quarter valued at approximately $239,000. Finally, Dorsey & Whitney Trust CO LLC lifted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 37.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 36,653 shares of the company’s stock valued at $882,000 after acquiring an additional 10,000 shares during the period.

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.