Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) Short Interest Down 73.4% in August

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 9,854 shares, a decrease of 73.4% from the July 30th total of 37,024 shares. Based on an average daily volume of 41,103 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Voya Infrastructure, Industrials and Materials Fund

Several hedge funds and other institutional investors have recently bought and sold shares of IDE. Fifth Third Bancorp bought a new stake in shares of Voya Infrastructure, Industrials and Materials Fund in the 1st quarter worth approximately $50,000. Cetera Investment Advisers bought a new stake in shares of Voya Infrastructure, Industrials and Materials Fund during the first quarter valued at approximately $128,000. Kovack Advisors Inc. acquired a new position in shares of Voya Infrastructure, Industrials and Materials Fund in the fourth quarter valued at $189,000. Bank of America Corp DE increased its holdings in Voya Infrastructure, Industrials and Materials Fund by 10.5% in the 2nd quarter. Bank of America Corp DE now owns 16,610 shares of the company’s stock valued at $194,000 after buying an additional 1,581 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in Voya Infrastructure, Industrials and Materials Fund in the 1st quarter valued at $264,000.

Voya Infrastructure, Industrials and Materials Fund Stock Performance

IDE traded up $0.04 during midday trading on Friday, reaching $13.26. The company’s stock had a trading volume of 36,056 shares, compared to its average volume of 48,761. The company has a fifty day simple moving average of $13.41 and a 200 day simple moving average of $13.45. Voya Infrastructure, Industrials and Materials Fund has a twelve month low of $11.36 and a twelve month high of $14.30.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date is Tuesday, September 1st.

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.