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

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) shares saw unusually-high trading volume on Friday . Approximately 170,510 shares traded hands during trading, a decline of 6% from the previous session’s volume of 181,503 shares.The stock last traded at $23.63 and had previously closed at $23.66.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

The stock has a 50 day simple moving average of $23.70 and a two-hundred day simple moving average of $23.76.

Hedge Funds Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Institutional investors have recently made changes to their positions in the company. Horizon Bancorp Inc. IN grew its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 19.5% during the third quarter. Horizon Bancorp Inc. IN now owns 454,437 shares of the company’s stock valued at $10,929,000 after buying an additional 74,227 shares during the period. Park National Corp OH boosted its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 69.1% during the 4th quarter. Park National Corp OH now owns 80,241 shares of the company’s stock worth $1,893,000 after acquiring an additional 32,795 shares in the last quarter. Lynx Investment Advisory grew its position 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 acquiring an additional 5,402 shares during the period. Highline Wealth Partners LLC purchased a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter valued at about $274,000. Finally, Massmutual Trust Co. FSB ADV acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter worth about $72,000.

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.