Short Interest in Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) Increases By 83.9%

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 18,117 shares, an increase of 83.9% from the August 15th total of 9,854 shares. Based on an average daily trading volume, of 37,553 shares, the short-interest ratio is currently 0.5 days.

Voya Infrastructure, Industrials and Materials Fund Stock Up 0.8%

Shares of IDE stock traded up $0.10 during trading on Wednesday, hitting $12.46. 12,460 shares of the stock traded hands, compared to its average volume of 49,051. The firm’s fifty day moving average price is $13.19 and its 200-day moving average price is $13.35. Voya Infrastructure, Industrials and Materials Fund has a 52-week low of $11.36 and a 52-week high of $14.30.

Voya Infrastructure, Industrials and Materials Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a c) annualized dividend and a yield of 9.6%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IDE. Royal Bank of Canada grew its holdings in shares of 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 purchasing an additional 2,736 shares during the period. Compound Planning Inc. raised its holdings in Voya Infrastructure, Industrials and Materials Fund by 236.6% in the 1st quarter. Compound Planning Inc. now owns 82,183 shares of the company’s stock valued at $1,026,000 after buying an additional 57,770 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings 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 during the period. C2C Wealth Management LLC lifted its position in Voya Infrastructure, Industrials and Materials Fund by 36.4% in the first quarter. C2C Wealth Management LLC now owns 26,232 shares of the company’s stock valued at $327,000 after buying an additional 7,000 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Voya Infrastructure, Industrials and Materials Fund in the first quarter valued at about $264,000.

Voya Infrastructure, Industrials and Materials Fund Company Profile

Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) is a closed-end management investment company that seeks total return through a combination of current income and capital appreciation. The fund primarily invests in equity securities of companies engaged in infrastructure, industrials and materials businesses, such as utilities, transportation, engineering and construction materials. By targeting firms with established cash flows and growth potential, the fund aims to deliver a blend of yield and long-term capital gains for shareholders.

The fund’s investment strategy combines bottom-up security selection with broad sector diversification.