FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Short Interest Up 370.6% in June

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 64,710 shares, a growth of 370.6% from the May 31st total of 13,751 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 178,939 shares, the short-interest ratio is currently 0.4 days.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

TDTT opened at $23.91 on Monday. The firm’s fifty day moving average is $24.16 and its 200 day moving average is $24.16. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a fifty-two week low of $23.82 and a fifty-two week high of $24.51.

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

Several large investors have recently made changes to their positions in TDTT. Rock Creek Group LP purchased a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the third quarter worth about $50,000. Park National Corp OH lifted its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 2.0% in the 4th quarter. Park National Corp OH now owns 122,106 shares of the company’s stock worth $2,938,000 after purchasing an additional 2,344 shares in the last quarter. BOKF NA boosted its stake in 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 worth $205,000 after purchasing an additional 4,484 shares during the period. CoreCap Advisors LLC boosted its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 24.3% in the 4th quarter. CoreCap Advisors LLC now owns 25,298 shares of the company’s stock worth $609,000 after purchasing an additional 4,940 shares during the period. Finally, IFP Advisors Inc purchased a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter valued at approximately $121,000.

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.