FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sees Large Volume Increase – Here’s What Happened

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw unusually-high trading volume on Tuesday . Approximately 191,665 shares changed hands during mid-day trading, an increase of 26% from the previous session’s volume of 151,668 shares.The stock last traded at $23.75 and had previously closed at $23.73.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Up 0.0 %

The company’s fifty day simple moving average is $23.93 and its 200-day simple moving average is $23.57.

Institutional Investors Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

A hedge fund recently bought a new stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund stock. First PREMIER Bank purchased a new position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,400 shares of the company’s stock, valued at approximately $82,000.

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.