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 growth in short interest during the month of March. As of March 31st, there was short interest totaling 40,883 shares, a growth of 47.7% from the March 15th total of 27,678 shares. Based on an average daily volume of 52,441 shares, the short-interest ratio is currently 0.8 days.

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

Several large investors have recently made changes to their positions in IDE. Royal Bank of Canada lifted its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 64.1% during the first quarter. Royal Bank of Canada now owns 171,610 shares of the company’s stock valued at $1,816,000 after purchasing an additional 67,052 shares during the last quarter. &PARTNERS purchased a new position in Voya Infrastructure, Industrials and Materials Fund in the 4th quarter worth approximately $554,000. Invesco Ltd. raised its holdings in Voya Infrastructure, Industrials and Materials Fund by 14.2% in the 4th quarter. Invesco Ltd. now owns 335,488 shares of the company’s stock worth $4,127,000 after acquiring an additional 41,598 shares during the last quarter. Compound Planning Inc. purchased a new position in Voya Infrastructure, Industrials and Materials Fund in the 4th quarter worth approximately $300,000. Finally, Wolverine Asset Management LLC purchased a new position in Voya Infrastructure, Industrials and Materials Fund in the 4th quarter worth approximately $299,000.

Voya Infrastructure, Industrials and Materials Fund Price Performance

Shares of IDE stock traded down $0.01 during trading hours on Wednesday, hitting $13.53. 31,542 shares of the company’s stock traded hands, compared to its average volume of 62,995. The stock’s fifty day simple moving average is $13.25 and its two-hundred day simple moving average is $12.61. Voya Infrastructure, Industrials and Materials Fund has a 12-month low of $9.89 and a 12-month high of $14.30.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Wednesday, April 1st.

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.