FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Significant Drop in Short Interest
by Renee Jackson · The Cerbat GemFlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT – Get Free Report) saw a large decline in short interest in March. As of March 31st, there was short interest totaling 26,618 shares, a decline of 71.9% from the March 15th total of 94,603 shares. Based on an average daily trading volume, of 239,009 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.
Institutional Trading of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund
Hedge funds and other institutional investors have recently made changes to their positions in the business. Horizon Investments LLC boosted its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3,225.8% during the fourth quarter. Horizon Investments LLC now owns 7,084 shares of the company’s stock worth $170,000 after buying an additional 6,871 shares in the last quarter. BOKF NA boosted its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 113.5% during the third quarter. BOKF NA now owns 8,433 shares of the company’s stock worth $205,000 after buying an additional 4,484 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 37.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 36,653 shares of the company’s stock worth $882,000 after buying an additional 10,000 shares in the last quarter. Rossby Financial LCC bought a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the fourth quarter worth approximately $1,447,000. Finally, Lynx Investment Advisory boosted its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 12.6% during the third quarter. Lynx Investment Advisory now owns 37,322 shares of the company’s stock worth $908,000 after buying an additional 4,190 shares in the last quarter.
FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Up 0.2%
Shares of TDTT stock traded up $0.05 during midday trading on Monday, reaching $24.32. 333,116 shares of the company were exchanged, compared to its average volume of 284,610. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 12 month low of $23.95 and a 12 month high of $24.51. The company’s 50 day moving average price is $24.22 and its two-hundred day moving average price is $24.19.
FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.0499 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, April 1st.
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.