Short Interest in Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) Expands By 341.2%

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 45,000 shares, an increase of 341.2% from the March 31st total of 10,200 shares. Based on an average trading volume of 36,600 shares, the days-to-cover ratio is presently 1.2 days.

Voya Infrastructure, Industrials and Materials Fund Stock Performance

Shares of IDE traded up $0.03 during trading hours on Friday, hitting $10.18. 34,957 shares of the company were exchanged, compared to its average volume of 36,762. The firm has a fifty day simple moving average of $10.26 and a 200-day simple moving average of $9.89. Voya Infrastructure, Industrials and Materials Fund has a one year low of $8.61 and a one year high of $10.59.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, May 2nd will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 11.79%.

Institutional Trading of Voya Infrastructure, Industrials and Materials Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 11.0% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,427 shares of the company’s stock worth $164,000 after acquiring an additional 1,726 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 1.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 156,445 shares of the company’s stock worth $1,646,000 after acquiring an additional 2,532 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 25.6% during the third quarter. Oppenheimer & Co. Inc. now owns 22,700 shares of the company’s stock worth $214,000 after acquiring an additional 4,625 shares in the last quarter. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Voya Infrastructure, Industrials and Materials Fund during the fourth quarter worth $52,000. Finally, Consolidated Portfolio Review Corp raised its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 8.6% during the third quarter. Consolidated Portfolio Review Corp now owns 102,779 shares of the company’s stock worth $969,000 after acquiring an additional 8,124 shares in the last quarter.

Voya Infrastructure, Industrials and Materials Fund Company Profile

Voya Infrastructure, Industrials and Materials Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and Voya Investment Management Co LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the infrastructure, industrials, and materials sectors.