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

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

Voya Infrastructure, Industrials and Materials Fund Stock Performance

IDE traded up $0.03 during trading on Friday, hitting $10.18. 34,957 shares of the company traded hands, compared to its average volume of 36,762. The stock’s 50-day simple moving average is $10.26 and its two-hundred day simple moving average is $9.89. Voya Infrastructure, Industrials and Materials Fund has a 1 year low of $8.61 and a 1 year high of $10.59.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

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

Hedge Funds Weigh In On Voya Infrastructure, Industrials and Materials Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Saba Capital Management L.P. increased its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 28.5% in the 3rd quarter. Saba Capital Management L.P. now owns 1,131,695 shares of the company’s stock worth $10,672,000 after buying an additional 250,929 shares during the last quarter. City of London Investment Management Co. Ltd. increased its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 9.9% in the 4th quarter. City of London Investment Management Co. Ltd. now owns 410,218 shares of the company’s stock worth $4,176,000 after buying an additional 37,009 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 1,213.5% in the 4th quarter. International Assets Investment Management LLC now owns 223,960 shares of the company’s stock worth $22,000,000 after buying an additional 206,910 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 1.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 156,445 shares of the company’s stock worth $1,646,000 after buying an additional 2,532 shares during the last quarter. Finally, Karpus Management Inc. increased its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 309.5% in the 4th quarter. Karpus Management Inc. now owns 122,850 shares of the company’s stock worth $1,251,000 after buying an additional 92,847 shares during 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.