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 target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 54,400 shares, an increase of 106.1% from the December 31st total of 26,400 shares. Based on an average daily volume of 86,600 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Voya Emerging Markets High Dividend Equity Fund stock. Arkadios Wealth Advisors raised its holdings in shares of Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) by 244.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,618 shares of the investment management company’s stock after acquiring an additional 94,848 shares during the period. Arkadios Wealth Advisors’ holdings in Voya Emerging Markets High Dividend Equity Fund were worth $669,000 at the end of the most recent reporting period.

Voya Emerging Markets High Dividend Equity Fund Trading Up 0.2 %

Shares of IHD traded up $0.01 during midday trading on Wednesday, hitting $5.15. 83,365 shares of the company traded hands, compared to its average volume of 79,910. The stock has a 50-day moving average of $5.12 and a 200-day moving average of $5.30. Voya Emerging Markets High Dividend Equity Fund has a one year low of $4.95 and a one year high of $5.82.

Voya Emerging Markets High Dividend Equity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a $0.055 dividend. This represents a $0.66 annualized dividend and a dividend yield of 12.82%. The ex-dividend date is Monday, February 3rd.

About Voya Emerging Markets High Dividend Equity Fund

Voya Emerging Markets High Dividend Equity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by ING Investment Management Advisors B.V. and Voya Investments, LLC. It invests in public equity markets of emerging market countries across the globe.