FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Stock Short Interest Climbs 465.9%

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 260,598 shares, an increase of 465.9% from the September 30th total of 46,048 shares. Based on an average trading volume of 488,872 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

A number of institutional investors have recently added to or reduced their stakes in TDTF. Farther Finance Advisors LLC bought a new position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the 3rd quarter worth approximately $61,000. Kendall Capital Management grew its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 15.8% in the third quarter. Kendall Capital Management now owns 268,883 shares of the company’s stock valued at $6,098,000 after acquiring an additional 36,636 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% in the first quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock valued at $11,185,000 after acquiring an additional 139,637 shares in the last quarter. Finally, Farmers National Bank increased its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 12.3% during the first quarter. Farmers National Bank now owns 951,855 shares of the company’s stock valued at $22,949,000 after acquiring an additional 104,459 shares during the last quarter.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

Shares of TDTF stock traded down $0.01 on Tuesday, hitting $23.07. The stock had a trading volume of 63,245 shares, compared to its average volume of 196,221. The business has a 50 day moving average of $23.03 and a 200 day moving average of $23.72. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a 12-month low of $22.63 and a 12-month high of $24.41.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Company Profile

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.