Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) Sees Large Decrease in Short Interest

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 9,854 shares, a decrease of 73.4% from the July 30th total of 37,024 shares. Based on an average daily volume of 41,103 shares, the days-to-cover ratio is presently 0.2 days.

Voya Infrastructure, Industrials and Materials Fund Trading Down 0.5%

IDE stock traded down $0.07 during trading on Thursday, hitting $13.22. 30,572 shares of the stock traded hands, compared to its average volume of 48,839. Voya Infrastructure, Industrials and Materials Fund has a one year low of $11.36 and a one year high of $14.30. The company has a 50 day simple moving average of $13.43 and a 200 day simple moving average of $13.45.

Voya Infrastructure, Industrials and Materials Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 9.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its position in Voya Infrastructure, Industrials and Materials Fund by 10.5% in the 2nd quarter. Bank of America Corp DE now owns 16,610 shares of the company’s stock valued at $194,000 after purchasing an additional 1,581 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 3.5% during the second quarter. Osaic Holdings Inc. now owns 50,660 shares of the company’s stock worth $592,000 after purchasing an additional 1,719 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 5.2% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 37,599 shares of the company’s stock worth $520,000 after purchasing an additional 1,845 shares during the last quarter. Invesco Ltd. increased its stake in shares of Voya Infrastructure, Industrials and Materials Fund by 0.7% in the second quarter. Invesco Ltd. now owns 314,139 shares of the company’s stock valued at $3,672,000 after buying an additional 2,141 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Voya Infrastructure, Industrials and Materials Fund by 0.9% in the first quarter. Royal Bank of Canada now owns 300,565 shares of the company’s stock valued at $3,751,000 after buying an additional 2,736 shares in the last quarter.

Voya Infrastructure, Industrials and Materials Fund Company Profile

Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) is a closed-end management investment company that seeks total return through a combination of current income and capital appreciation. The fund primarily invests in equity securities of companies engaged in infrastructure, industrials and materials businesses, such as utilities, transportation, engineering and construction materials. By targeting firms with established cash flows and growth potential, the fund aims to deliver a blend of yield and long-term capital gains for shareholders.

The fund’s investment strategy combines bottom-up security selection with broad sector diversification.