Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) Sees Significant Growth in Short Interest

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 112,000 shares, a growth of 451.7% from the October 15th total of 20,300 shares. Based on an average trading volume of 57,400 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Trading of Voya Infrastructure, Industrials and Materials Fund

Institutional investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. boosted its position in Voya Infrastructure, Industrials and Materials Fund by 48.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 33,532 shares of the company’s stock valued at $353,000 after buying an additional 10,932 shares during the period. SageView Advisory Group LLC purchased a new stake in shares of Voya Infrastructure, Industrials and Materials Fund during the first quarter worth about $220,000. Karpus Management Inc. grew its stake in shares of Voya Infrastructure, Industrials and Materials Fund by 76.1% in the first quarter. Karpus Management Inc. now owns 216,300 shares of the company’s stock worth $2,275,000 after purchasing an additional 93,450 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Voya Infrastructure, Industrials and Materials Fund by 10.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 22,229 shares of the company’s stock worth $234,000 after purchasing an additional 2,110 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Voya Infrastructure, Industrials and Materials Fund by 6.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,045 shares of the company’s stock valued at $205,000 after purchasing an additional 1,294 shares during the period.

Voya Infrastructure, Industrials and Materials Fund Price Performance

Shares of IDE traded down $0.47 during midday trading on Tuesday, reaching $11.21. The stock had a trading volume of 153,095 shares, compared to its average volume of 49,029. The company’s 50-day moving average is $11.18 and its 200 day moving average is $10.65. Voya Infrastructure, Industrials and Materials Fund has a 12-month low of $9.26 and a 12-month high of $11.77.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.70%. The ex-dividend date is Friday, November 1st.

About Voya Infrastructure, Industrials and Materials Fund

Voya Infrastructure, Industrials and Materials Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and Voya Investment Management Co LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the infrastructure, industrials, and materials sectors.