FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Short Interest Down 68.5% in January
by Jessica Moore · The Cerbat GemFlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF – Get Free Report) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 25,791 shares, a decline of 68.5% from the December 31st total of 81,767 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 117,750 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 117,750 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.
Hedge Funds Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kendall Capital Management boosted its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% during the fourth quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock valued at $4,419,000 after buying an additional 23,566 shares during the last quarter. Farmers National Bank lifted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 49.5% during the 3rd quarter. Farmers National Bank now owns 718,601 shares of the company’s stock valued at $17,440,000 after acquiring an additional 237,864 shares during the period. Ameriprise Financial Inc. grew its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 7.6% in the third quarter. Ameriprise Financial Inc. now owns 742,554 shares of the company’s stock worth $18,022,000 after acquiring an additional 52,405 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 25.7% during the third quarter. Jones Financial Companies Lllp now owns 3,644 shares of the company’s stock valued at $88,000 after purchasing an additional 745 shares during the last quarter. Finally, Cheviot Value Management LLC lifted its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 30.2% during the third quarter. Cheviot Value Management LLC now owns 1,217,901 shares of the company’s stock valued at $29,644,000 after purchasing an additional 282,187 shares during the period.
FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Up 0.1%
NYSEARCA:TDTF traded up $0.02 on Wednesday, reaching $24.07. 84,132 shares of the stock traded hands, compared to its average volume of 127,818. The company’s fifty day simple moving average is $24.04 and its 200 day simple moving average is $24.17. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a 12 month low of $23.28 and a 12 month high of $24.49.
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.