Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Sees Large Increase in Short Interest

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 45,438 shares, an increase of 683.1% from the December 31st total of 5,802 shares. Based on an average daily volume of 67,579 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 67,579 shares, the short-interest ratio is currently 0.7 days.

Insider Buying and Selling at Voya Asia Pacific High Dividend Equity Income Fund

In other news, major shareholder Saba Capital Management, L.P. sold 31,461 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $8.14, for a total transaction of $256,092.54. Following the completion of the sale, the insider directly owned 1,785,226 shares in the company, valued at $14,531,739.64. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Colonial Trust Advisors acquired a new stake in shares of Voya Asia Pacific High Dividend Equity Income Fund in the 2nd quarter valued at about $27,000. Advisory Services Network LLC bought a new stake in Voya Asia Pacific High Dividend Equity Income Fund in the third quarter valued at about $30,000. Cetera Investment Advisers acquired a new stake in Voya Asia Pacific High Dividend Equity Income Fund during the second quarter valued at approximately $83,000. Total Wealth Planning & Management Inc. lifted its holdings in Voya Asia Pacific High Dividend Equity Income Fund by 3.6% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 46,913 shares of the company’s stock worth $330,000 after buying an additional 1,613 shares during the last quarter. Finally, NWF Advisory Services Inc. lifted its holdings in Voya Asia Pacific High Dividend Equity Income Fund by 4.7% during the 3rd quarter. NWF Advisory Services Inc. now owns 107,250 shares of the company’s stock worth $804,000 after buying an additional 4,800 shares during the last quarter.

Voya Asia Pacific High Dividend Equity Income Fund Price Performance

IAE stock traded up $0.04 during midday trading on Wednesday, hitting $8.26. 44,480 shares of the company’s stock were exchanged, compared to its average volume of 94,538. The firm has a 50 day moving average price of $7.53 and a 200-day moving average price of $7.39. 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 business also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be issued a $0.065 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) annualized dividend and a yield of 9.4%.

About Voya Asia Pacific High Dividend Equity Income Fund

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.