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 volume of 218,473 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDTT. BOKF NA grew its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 113.5% in the 3rd quarter. BOKF NA now owns 8,433 shares of the company’s stock valued at $205,000 after buying an additional 4,484 shares during the period. Bessemer Group Inc. boosted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% during the 1st quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock worth $210,000 after purchasing an additional 6,697 shares during the period. SVB Wealth LLC acquired a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 2nd quarter valued at approximately $239,000. Virtue Capital Management LLC purchased a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter valued at approximately $253,000. Finally, Wedbush Securities Inc. lifted its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% during the second quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock worth $404,000 after purchasing an additional 521 shares in the last quarter.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

TDTT stock opened at $23.49 on Friday. The business has a 50 day simple moving average of $23.62 and a 200-day simple moving average of $23.98. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 1 year low of $23.48 and a 1 year high of $24.46.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Company Profile

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.