FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Shares Shorted: Short Interest Up 444.4% in September

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 584,324 shares, a growth of 444.4% from the September 15th total of 107,339 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 649,210 shares, the short-interest ratio is currently 0.9 days.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Down 0.1%

NYSEARCA:TDTT traded down $0.02 during midday trading on Friday, hitting $23.32. The stock had a trading volume of 659,728 shares, compared to its average volume of 268,812. The stock has a 50-day moving average of $23.45 and a 200 day moving average of $23.84. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a one year low of $23.17 and a one year high of $24.46.

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

Several institutional investors have recently made changes to their positions in TDTT. Horizon Bancorp Inc. IN lifted its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% in the first quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock worth $8,886,000 after acquiring an additional 24,279 shares during the period. Park National Corp OH raised its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 11.9% in the 3rd quarter. Park National Corp OH now owns 70,052 shares of the company’s stock valued at $1,627,000 after purchasing an additional 7,476 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 16.6% in the 3rd quarter. CoreCap Advisors LLC now owns 39,449 shares of the company’s stock valued at $916,000 after purchasing an additional 5,629 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% in the 2nd quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock worth $404,000 after purchasing an additional 521 shares during the period. Finally, SVB Wealth LLC purchased a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 2nd quarter worth approximately $239,000.

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.