FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sees Significant Decline in Short Interest

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totaling 13,283 shares, a drop of 70.5% from the March 15th total of 44,957 shares. Based on an average daily trading volume, of 144,671 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

Shares of NYSEARCA:TDTF opened at $24.17 on Friday. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a 1 year low of $23.28 and a 1 year high of $24.49. The business’s 50 day moving average price is $24.17 and its 200-day moving average price is $24.15.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were given a dividend of $0.0554 per share. The ex-dividend date was Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cheviot Value Management LLC lifted its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 30.2% during the 3rd quarter. Cheviot Value Management LLC now owns 1,217,901 shares of the company’s stock valued at $29,644,000 after buying an additional 282,187 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 25.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,644 shares of the company’s stock valued at $88,000 after buying an additional 745 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% during the 2nd 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 in the last quarter. Betterment LLC lifted its position 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 buying an additional 900 shares in the last quarter. Finally, Farmers National Bank lifted its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 17.9% during the 4th quarter. Farmers National Bank now owns 847,396 shares of the company’s stock valued at $20,308,000 after buying an additional 128,795 shares in the last quarter.

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.