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

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 48,000 shares, an increase of 169.7% from the March 15th total of 17,800 shares. Based on an average daily volume of 58,100 shares, the days-to-cover ratio is presently 0.8 days.

Voya Infrastructure, Industrials and Materials Fund Stock Performance

NYSE:IDE traded up $0.04 during trading hours on Tuesday, reaching $10.09. 40,814 shares of the company were exchanged, compared to its average volume of 63,099. The stock has a 50 day simple moving average of $10.35 and a 200 day simple moving average of $10.69. Voya Infrastructure, Industrials and Materials Fund has a 52-week low of $8.75 and a 52-week high of $11.77.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 11.89%. The ex-dividend date of this dividend is Tuesday, April 1st.

Institutional Investors Weigh In On Voya Infrastructure, Industrials and Materials Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Walleye Capital LLC purchased a new position in shares of Voya Infrastructure, Industrials and Materials Fund in the 4th quarter worth about $102,000. Garden State Investment Advisory Services LLC purchased a new position in Voya Infrastructure, Industrials and Materials Fund in the fourth quarter valued at approximately $107,000. Shaker Financial Services LLC acquired a new position in Voya Infrastructure, Industrials and Materials Fund during the fourth quarter valued at approximately $445,000. Oppenheimer & Co. Inc. grew its stake in Voya Infrastructure, Industrials and Materials Fund by 38.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 46,096 shares of the company’s stock worth $468,000 after buying an additional 12,774 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in shares of Voya Infrastructure, Industrials and Materials Fund in the third quarter worth $698,000.

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.