FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Stock Short Interest Falls 49.3%

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 46,048 shares, a drop of 49.3% from the September 15th total of 90,763 shares. Based on an average daily volume of 325,658 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Up 0.1%

TDTF stock traded up $0.01 during mid-day trading on Wednesday, hitting $22.82. The company had a trading volume of 137,732 shares, compared to its average volume of 179,973. The company has a 50-day moving average price of $23.08 and a 200 day moving average price of $23.61. 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.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund in the 3rd quarter worth $61,000. Farmers National Bank lifted its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 12.3% during the 1st quarter. Farmers National Bank now owns 951,855 shares of the company’s stock worth $22,949,000 after acquiring an additional 104,459 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% during the 1st quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock valued at $11,185,000 after purchasing an additional 139,637 shares during the last quarter.

About FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

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.