Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) Shares Shorted: Short Interest Down 56.8% in September

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 7,826 shares, a drop of 56.8% from the August 31st total of 18,117 shares. Based on an average daily volume of 56,591 shares, the days-to-cover ratio is currently 0.1 days.

Voya Infrastructure, Industrials and Materials Fund Stock Performance

Shares of NYSE:IDE traded down $0.12 during midday trading on Monday, hitting $12.15. 74,791 shares of the stock were exchanged, compared to its average volume of 49,242. The business’s 50-day moving average price is $13.00 and its 200 day moving average price is $13.27. Voya Infrastructure, Industrials and Materials Fund has a 12 month low of $11.36 and a 12 month high of $14.30.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.20 annualized dividend and a yield of 9.9%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in IDE. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Voya Infrastructure, Industrials and Materials Fund by 5.2% in the second 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 acquiring an additional 1,845 shares during the last quarter. Royal Bank of Canada increased its position in 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 valued at $3,751,000 after purchasing an additional 2,736 shares during the period. Fifth Third Bancorp bought a new position in Voya Infrastructure, Industrials and Materials Fund during the 1st quarter worth approximately $50,000. C2C Wealth Management LLC lifted its position in shares of Voya Infrastructure, Industrials and Materials Fund by 36.4% in the 1st quarter. C2C Wealth Management LLC now owns 26,232 shares of the company’s stock worth $327,000 after purchasing an additional 7,000 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of Voya Infrastructure, Industrials and Materials Fund in the 1st quarter worth approximately $128,000.

About Voya Infrastructure, Industrials and Materials Fund

Voya Infrastructure, Industrials and Materials Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol IDE. The fund seeks to provide investors with total return through a combination of income and capital appreciation by investing primarily in equity securities of companies involved in infrastructure, industrials and materials.

Its portfolio may include businesses that develop, own, manufacture or provide services related to transportation, utilities, energy infrastructure, construction, engineering, manufacturing, natural resources, chemicals and other basic materials.