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This is not currently a possibility, though it has been added as a suggested improvement to the product.
Here is the Help link to the tshared files, you can check all the optional parameters that are available currently:
Just running it occasionally on the file may help shrink it at least if there have been lots of objects that have been deleted etc. You may actually see some benefit from doing this monthly with the input fields in use, it is definitely worth trying in my opinion.
Regards,
Brett