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

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 33,016 shares, a growth of 56.8% from the August 31st total of 21,052 shares. Based on an average daily volume of 46,444 shares, the days-to-cover ratio is currently 0.7 days.

Voya Emerging Markets High Dividend Equity Fund Price Performance

IHD stock traded up $0.03 during mid-day trading on Wednesday, reaching $7.61. The company had a trading volume of 72,607 shares, compared to its average volume of 99,051. The firm has a fifty day simple moving average of $7.53 and a 200 day simple moving average of $7.36. Voya Emerging Markets High Dividend Equity Fund has a fifty-two week low of $5.93 and a fifty-two week high of $8.14.

Voya Emerging Markets High Dividend Equity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.0550 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 8.7%.

Institutional Trading of Voya Emerging Markets High Dividend Equity Fund

Several hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its holdings in Voya Emerging Markets High Dividend Equity Fund by 36.1% during the 1st quarter. Cetera Investment Advisers now owns 16,530 shares of the investment management company’s stock worth $110,000 after acquiring an additional 4,383 shares in the last quarter. Comprehensive Money Management Services LLC acquired a new stake in shares of Voya Emerging Markets High Dividend Equity Fund in the 2nd quarter valued at $111,000. Fifth Third Bancorp purchased a new stake in shares of Voya Emerging Markets High Dividend Equity Fund during the 1st quarter worth $310,000. Kingsview Wealth Management LLC purchased a new stake in shares of Voya Emerging Markets High Dividend Equity Fund during the 2nd quarter worth $418,000. Finally, Almitas Capital LLC acquired a new position in shares of Voya Emerging Markets High Dividend Equity Fund during the second quarter worth $610,000.

Voya Emerging Markets High Dividend Equity Fund Company Profile

Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD) is a closed-end investment fund managed by Voya Investment Management. The fund seeks to provide investors with a high level of current income and long-term capital appreciation by investing primarily in dividend-paying equities issued by companies in emerging-market countries.

The fund’s portfolio may include common stocks and other equity securities across a range of industries and emerging-market geographies. Its investment approach emphasizes companies that offer attractive dividend income while providing exposure to the growth potential of developing economies.