Short Interest in Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Drops By 55.3%

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) was the target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 27,609 shares, a drop of 55.3% from the January 29th total of 61,729 shares. Based on an average daily trading volume, of 63,408 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 63,408 shares, the short-interest ratio is presently 0.4 days.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 21,874 shares of Voya Asia Pacific High Dividend Equity Income Fund stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $8.12, for a total transaction of $177,616.88. Following the sale, the insider owned 1,660,530 shares of the company’s stock, valued at approximately $13,483,503.60. The trade was a 1.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 156,157 shares of company stock worth $1,272,616.

Institutional Trading of Voya Asia Pacific High Dividend Equity Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of IAE. Colonial Trust Advisors purchased a new position in shares of Voya Asia Pacific High Dividend Equity Income Fund in the second quarter valued at approximately $27,000. Advisory Services Network LLC purchased a new stake in Voya Asia Pacific High Dividend Equity Income Fund during the 3rd quarter worth approximately $30,000. Cetera Investment Advisers acquired a new stake in Voya Asia Pacific High Dividend Equity Income Fund during the 2nd quarter worth approximately $83,000. Closed End Fund Advisors Inc. acquired a new stake in Voya Asia Pacific High Dividend Equity Income Fund during the 4th quarter worth approximately $134,000. Finally, LPL Financial LLC boosted its position in Voya Asia Pacific High Dividend Equity Income Fund by 264.6% in the 4th quarter. LPL Financial LLC now owns 47,623 shares of the company’s stock valued at $347,000 after buying an additional 34,561 shares during the period.

Voya Asia Pacific High Dividend Equity Income Fund Stock Up 0.3%

NYSE IAE traded up $0.03 on Friday, reaching $8.15. The stock had a trading volume of 42,737 shares, compared to its average volume of 73,570. The stock has a fifty day moving average price of $7.86 and a two-hundred day moving average price of $7.54. Voya Asia Pacific High Dividend Equity Income Fund has a 12-month low of $5.30 and a 12-month high of $8.30.

Voya Asia Pacific High Dividend Equity Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a yield of 9.6%.

Voya Asia Pacific High Dividend Equity Income Fund Company Profile

The Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) is a closed-end management investment company whose primary objective is to provide current income and capital appreciation by investing in dividend-paying equity securities of companies in the Asia Pacific region. The fund seeks to build a diversified portfolio of high-yielding common stocks, real estate investment trusts (REITs) and depositary receipts, targeting issuers in markets such as Australia, Hong Kong, Japan, Singapore and South Korea.