FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Large Volume Increase – Here’s What Happened

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw unusually-high trading volume on Monday . Approximately 284,175 shares traded hands during mid-day trading, an increase of 34% from the previous session’s volume of 212,828 shares.The stock last traded at $23.74 and had previously closed at $23.74.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

The business’s 50-day moving average price is $23.80 and its 200 day moving average price is $23.74.

Institutional Trading of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Several hedge funds and other institutional investors have recently modified their holdings of TDTT. Horizon Bancorp Inc. IN raised its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 82.6% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 380,210 shares of the company’s stock valued at $8,969,000 after buying an additional 171,983 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter valued at approximately $72,000. Highline Wealth Partners LLC bought a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter valued at approximately $274,000. Finally, Lynx Investment Advisory grew its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 17.2% during the 3rd quarter. Lynx Investment Advisory now owns 36,727 shares of the company’s stock valued at $883,000 after purchasing an additional 5,402 shares during the last quarter.

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.