FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sees Unusually-High Trading Volume – Here’s Why

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw unusually-strong trading volume on Monday . Approximately 324,713 shares were traded during mid-day trading, an increase of 113% from the previous session’s volume of 152,103 shares.The stock last traded at $23.47 and had previously closed at $23.42.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

The company has a 50 day moving average of $23.83 and a 200 day moving average of $23.61.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund stock. Flow Traders U.S. LLC boosted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) by 681.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 356,335 shares of the company’s stock after purchasing an additional 310,745 shares during the quarter. Flow Traders U.S. LLC owned about 1.06% of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund worth $8,588,000 as of its most recent filing with the SEC.

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.