Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) Sees Large Growth in Short Interest

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 52,202 shares, an increase of 751.6% from the July 15th total of 6,130 shares. Based on an average daily volume of 55,602 shares, the days-to-cover ratio is presently 0.9 days.

Voya Emerging Markets High Dividend Equity Fund Stock Up 0.8%

IHD stock traded up $0.06 on Wednesday, reaching $7.48. 45,432 shares of the company traded hands, compared to its average volume of 105,652. The firm has a fifty day simple moving average of $7.54 and a 200-day simple moving average of $7.18. Voya Emerging Markets High Dividend Equity Fund has a one year low of $5.84 and a one year high of $8.14.

Voya Emerging Markets High Dividend Equity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.055 per share. The ex-dividend date is Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 8.8%.

Hedge Funds Weigh In On Voya Emerging Markets High Dividend Equity Fund

A number of hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in shares of Voya Emerging Markets High Dividend Equity Fund by 17.6% during the 4th quarter. Cetera Investment Advisers now owns 12,147 shares of the investment management company’s stock valued at $76,000 after acquiring an additional 1,818 shares during the last quarter. Osaic Holdings Inc. lifted its position in Voya Emerging Markets High Dividend Equity Fund by 3.0% during the fourth quarter. Osaic Holdings Inc. now owns 155,597 shares of the investment management company’s stock valued at $976,000 after purchasing an additional 4,499 shares during the period. Parkside Financial Bank & Trust purchased a new stake in Voya Emerging Markets High Dividend Equity Fund in the fourth quarter worth approximately $38,000. Bank of America Corp DE boosted its holdings in Voya Emerging Markets High Dividend Equity Fund by 3.3% in the second quarter. Bank of America Corp DE now owns 205,196 shares of the investment management company’s stock worth $1,219,000 after purchasing an additional 6,513 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in Voya Emerging Markets High Dividend Equity Fund in the 3rd quarter worth approximately $54,000.

Voya Emerging Markets High Dividend Equity Fund Company Profile

Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD) is a closed-end investment company that seeks to provide high current income and long-term capital appreciation by investing primarily in equity securities of companies domiciled or with significant business activities in emerging market countries. The fund emphasizes dividend-paying stocks across a range of industries, including financials, consumer staples, industrials and energy, with the goal of generating above-average yield relative to broader emerging market equity indices.

Launched in the mid-2000s under the ING Investment Management brand, the fund became part of Voya Investment Management’s portfolio offerings following Voya Financial’s acquisition of ING’s U.S.