FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Strong Trading Volume – Here’s Why

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw unusually-strong trading volume on Thursday . Approximately 706,517 shares were traded during mid-day trading, an increase of 316% from the previous session’s volume of 169,984 shares.The stock last traded at $23.71 and had previously closed at $23.72.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

The company’s 50 day simple moving average is $23.89 and its 200-day simple moving average is $23.70.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV purchased a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the third quarter valued at $72,000. Highline Wealth Partners LLC purchased a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the third quarter valued at $274,000. Lynx Investment Advisory purchased a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the second quarter valued at $739,000. Deane Retirement Strategies Inc. purchased a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the second quarter valued at $3,664,000. Finally, Horizon Bancorp Inc. IN increased its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 82.6% during the second 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 during the period.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Company Profile

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.