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

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 32,300 shares, a growth of 162.6% from the January 15th total of 12,300 shares. Based on an average daily trading volume, of 87,800 shares, the days-to-cover ratio is currently 0.4 days.

Voya Infrastructure, Industrials and Materials Fund Price Performance

NYSE IDE traded down $0.03 during trading on Wednesday, hitting $10.60. 46,033 shares of the company’s stock traded hands, compared to its average volume of 65,058. Voya Infrastructure, Industrials and Materials Fund has a 12-month low of $9.83 and a 12-month high of $11.77. The business has a 50 day moving average of $10.41 and a 200-day moving average of $10.78.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 11.32%. The ex-dividend date is Monday, February 3rd.

Institutional Trading of Voya Infrastructure, Industrials and Materials Fund

Several institutional investors and hedge funds have recently made changes to their positions in IDE. International Assets Investment Management LLC grew its holdings in Voya Infrastructure, Industrials and Materials Fund by 1,084.2% in the 3rd quarter. International Assets Investment Management LLC now owns 265,256 shares of the company’s stock worth $3,013,000 after acquiring an additional 242,856 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Voya Infrastructure, Industrials and Materials Fund during the fourth quarter worth about $2,321,000. Wolverine Asset Management LLC bought a new stake in shares of Voya Infrastructure, Industrials and Materials Fund in the fourth quarter worth about $1,144,000. World Investment Advisors LLC purchased a new position in Voya Infrastructure, Industrials and Materials Fund during the 3rd quarter valued at about $698,000. Finally, Oppenheimer & Co. Inc. raised its position in Voya Infrastructure, Industrials and Materials Fund by 38.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 46,096 shares of the company’s stock valued at $468,000 after purchasing an additional 12,774 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.