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

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw unusually-strong trading volume on Friday . Approximately 214,729 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 154,942 shares.The stock last traded at $23.21 and had previously closed at $23.21.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

The stock has a 50-day moving average of $23.52 and a 200-day moving average of $23.65.

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) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,400 shares of the company’s stock, valued at approximately $82,000.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Company Profile

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.