Short Interest in Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) Declines By 56.3%

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 48,900 shares, a decrease of 56.3% from the October 31st total of 112,000 shares. Based on an average daily volume of 78,700 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Voya Infrastructure, Industrials and Materials Fund

A number of hedge funds and other institutional investors have recently modified their holdings of IDE. Kovack Advisors Inc. increased its position in shares of Voya Infrastructure, Industrials and Materials Fund by 14.7% in the third quarter. Kovack Advisors Inc. now owns 12,205 shares of the company’s stock valued at $139,000 after buying an additional 1,561 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Voya Infrastructure, Industrials and Materials Fund by 6.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,045 shares of the company’s stock valued at $205,000 after acquiring an additional 1,294 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Voya Infrastructure, Industrials and Materials Fund by 10.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,229 shares of the company’s stock valued at $234,000 after acquiring an additional 2,110 shares in the last quarter. Quarry LP acquired a new position in Voya Infrastructure, Industrials and Materials Fund during the second quarter worth about $312,000. Finally, World Investment Advisors LLC purchased a new stake in shares of Voya Infrastructure, Industrials and Materials Fund in the third quarter valued at about $698,000.

Voya Infrastructure, Industrials and Materials Fund Stock Performance

Shares of IDE traded up $0.05 during trading hours on Thursday, reaching $11.02. The company had a trading volume of 75,391 shares, compared to its average volume of 54,693. Voya Infrastructure, Industrials and Materials Fund has a 12-month low of $9.58 and a 12-month high of $11.77. The firm has a 50 day simple moving average of $11.32 and a 200-day simple moving average of $10.74.

Voya Infrastructure, Industrials and Materials Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 10.89%.

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.