FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Large Volume Increase – Time to Buy?

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw unusually-strong trading volume on Monday . Approximately 284,175 shares changed hands during 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 stock has a 50-day moving average price of $23.79 and a two-hundred day moving average price of $23.75.

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

A number of institutional investors have recently modified their holdings of TDTT. Massmutual Trust Co. FSB ADV purchased a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the third quarter worth about $72,000. Highline Wealth Partners LLC acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter worth approximately $274,000. Lynx Investment Advisory raised its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 17.2% in the third 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 period. Finally, Horizon Bancorp Inc. IN grew its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 82.6% in 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 in 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.