Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) Shares Shorted: Short Interest Up 171.5% in October

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 35,192 shares, a growth of 171.5% from the September 30th total of 12,961 shares. Based on an average daily trading volume, of 58,344 shares, the days-to-cover ratio is presently 0.6 days.

Voya Infrastructure, Industrials and Materials Fund Stock Down 1.9%

Shares of NYSE IDE traded down $0.23 during mid-day trading on Friday, hitting $11.86. The company’s stock had a trading volume of 80,068 shares, compared to its average volume of 50,296. Voya Infrastructure, Industrials and Materials Fund has a one year low of $11.36 and a one year high of $14.30. The company’s fifty day simple moving average is $12.44 and its 200-day simple moving average is $13.18.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date is Monday, November 2nd.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC raised its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 452.0% in the third quarter. International Assets Investment Management LLC now owns 130,000 shares of the company’s stock valued at $1,585,000 after acquiring an additional 106,450 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Voya Infrastructure, Industrials and Materials Fund by 16.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 148,375 shares of the company’s stock worth $1,809,000 after buying an additional 21,458 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Voya Infrastructure, Industrials and Materials Fund in the first quarter worth $128,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position 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 worth $520,000 after purchasing an additional 1,845 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 0.9% in the first 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 last quarter.

About Voya Infrastructure, Industrials and Materials Fund

Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) is a diversified, closed-end investment company that seeks to provide investors with current income and capital appreciation. The fund invests primarily in publicly traded companies associated with infrastructure, industrials and materials, giving shareholders access to a portfolio focused on sectors that support economic activity and physical development.

Its portfolio may include companies involved in areas such as transportation, utilities, energy infrastructure, construction, engineering, manufacturing, mining, chemicals and other basic materials.