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

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 45,000 shares, a growth of 341.2% from the March 31st total of 10,200 shares. Based on an average daily trading volume, of 36,600 shares, the short-interest ratio is presently 1.2 days.

Voya Infrastructure, Industrials and Materials Fund Stock Performance

IDE traded up $0.03 during midday trading on Friday, hitting $10.18. 34,957 shares of the company traded hands, compared to its average volume of 36,762. Voya Infrastructure, Industrials and Materials Fund has a 52-week low of $8.61 and a 52-week high of $10.59. The business has a 50 day simple moving average of $10.26 and a two-hundred day simple moving average of $9.89.

Voya Infrastructure, Industrials and Materials Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 11.79%. The ex-dividend date is Wednesday, May 1st.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IDE. Saba Capital Management L.P. lifted its holdings in Voya Infrastructure, Industrials and Materials Fund by 28.5% during the third quarter. Saba Capital Management L.P. now owns 1,131,695 shares of the company’s stock valued at $10,672,000 after purchasing an additional 250,929 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Voya Infrastructure, Industrials and Materials Fund by 1,213.5% during the fourth quarter. International Assets Investment Management LLC now owns 223,960 shares of the company’s stock valued at $22,000,000 after purchasing an additional 206,910 shares in the last quarter. PFG Investments LLC purchased a new position in Voya Infrastructure, Industrials and Materials Fund during the first quarter valued at $1,078,000. Karpus Management Inc. lifted its holdings in Voya Infrastructure, Industrials and Materials Fund by 309.5% during the fourth quarter. Karpus Management Inc. now owns 122,850 shares of the company’s stock valued at $1,251,000 after purchasing an additional 92,847 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. lifted its holdings in Voya Infrastructure, Industrials and Materials Fund by 32.7% during the third quarter. City of London Investment Management Co. Ltd. now owns 373,209 shares of the company’s stock valued at $3,519,000 after purchasing an additional 91,866 shares in the last quarter.

About Voya Infrastructure, Industrials and Materials Fund

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.