FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Short Interest Update

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 38,848 shares, a decline of 38.6% from the July 15th total of 63,267 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 125,915 shares, the short-interest ratio is currently 0.3 days.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Up 0.2%

TDTF stock traded up $0.04 during mid-day trading on Tuesday, reaching $23.36. 385,838 shares of the stock traded hands, compared to its average volume of 156,385. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a 52 week low of $22.93 and a 52 week high of $24.49. The business has a 50-day moving average of $23.54 and a two-hundred day moving average of $23.94.

Institutional Trading of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cheviot Value Management LLC grew its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 5.9% in the fourth quarter. Cheviot Value Management LLC now owns 1,290,146 shares of the company’s stock worth $31,047,000 after acquiring an additional 72,245 shares during the last quarter. Farmers National Bank increased its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 17.9% during the fourth quarter. Farmers National Bank now owns 847,396 shares of the company’s stock worth $20,308,000 after acquiring an additional 128,795 shares during the period. Bank of New York Mellon Corp raised 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. Betterment LLC raised its stake in 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 purchasing an additional 900 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock valued at $16,621,000 after purchasing an additional 526,977 shares during the period.

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.