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

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 7,826 shares, a decline of 56.8% from the August 31st total of 18,117 shares. Based on an average trading volume of 56,591 shares, the days-to-cover ratio is presently 0.1 days.

Voya Infrastructure, Industrials and Materials Fund Stock Down 1.0%

NYSE IDE traded down $0.12 on Monday, hitting $12.15. 74,791 shares of the company were exchanged, compared to its average volume of 49,242. Voya Infrastructure, Industrials and Materials Fund has a 12 month low of $11.36 and a 12 month high of $14.30. The stock has a fifty day moving average of $13.00 and a 200-day moving average of $13.27.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Thursday, October 1st.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Voya Infrastructure, Industrials and Materials Fund by 5.2% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 37,599 shares of the company’s stock valued at $520,000 after buying an additional 1,845 shares in the last quarter. Royal Bank of Canada raised its stake in Voya Infrastructure, Industrials and Materials Fund by 0.9% during the 1st quarter. Royal Bank of Canada now owns 300,565 shares of the company’s stock worth $3,751,000 after buying an additional 2,736 shares during the period. Compound Planning Inc. boosted its holdings in Voya Infrastructure, Industrials and Materials Fund by 236.6% in the first quarter. Compound Planning Inc. now owns 82,183 shares of the company’s stock worth $1,026,000 after acquiring an additional 57,770 shares in the last quarter. Cetera Investment Advisers bought a new position in Voya Infrastructure, Industrials and Materials Fund in the first quarter worth approximately $128,000. Finally, Fifth Third Bancorp acquired a new stake in Voya Infrastructure, Industrials and Materials Fund in the first quarter valued at approximately $50,000.

About Voya Infrastructure, Industrials and Materials Fund

Voya Infrastructure, Industrials and Materials Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol IDE. The fund seeks to provide investors with total return through a combination of income and capital appreciation by investing primarily in equity securities of companies involved in infrastructure, industrials and materials.

Its portfolio may include businesses that develop, own, manufacture or provide services related to transportation, utilities, energy infrastructure, construction, engineering, manufacturing, natural resources, chemicals and other basic materials.