FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Shares Shorted: Short Interest Down 49.3% in September

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF – Get Free Report) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 46,048 shares, a decline of 49.3% from the September 15th total of 90,763 shares. Based on an average daily trading volume, of 325,658 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

NYSEARCA:TDTF traded up $0.07 during midday trading on Friday, hitting $22.98. 304,624 shares of the company were exchanged, compared to its average volume of 182,496. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a fifty-two week low of $22.63 and a fifty-two week high of $24.41. The company has a fifty day simple moving average of $23.06 and a 200 day simple moving average of $23.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TDTF. Bank of New York Mellon Corp boosted its stake in 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 buying an additional 139,637 shares during the last quarter. Farmers National Bank grew its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 17.9% in the 4th quarter. Farmers National Bank now owns 847,396 shares of the company’s stock worth $20,308,000 after buying an additional 128,795 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the third quarter valued at about $61,000.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Company Profile

(Get Free Report)

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.

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