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

by · The Markets Daily

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IDE. Royal Bank of Canada grew its holdings in Voya Infrastructure, Industrials and Materials Fund by 64.1% during the 1st quarter. Royal Bank of Canada now owns 171,610 shares of the company’s stock valued at $1,816,000 after buying an additional 67,052 shares in the last quarter. Compound Planning Inc. lifted its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 236.6% in the first quarter. Compound Planning Inc. now owns 82,183 shares of the company’s stock worth $1,026,000 after buying an additional 57,770 shares in the last quarter. &PARTNERS bought a new position in shares of Voya Infrastructure, Industrials and Materials Fund in the fourth quarter valued at approximately $554,000. Invesco Ltd. boosted its position in shares of Voya Infrastructure, Industrials and Materials Fund by 14.2% in the fourth quarter. Invesco Ltd. now owns 335,488 shares of the company’s stock valued at $4,127,000 after acquiring an additional 41,598 shares during the period. Finally, Wolverine Asset Management LLC purchased a new position in Voya Infrastructure, Industrials and Materials Fund during the fourth quarter valued at approximately $299,000.

Voya Infrastructure, Industrials and Materials Fund Trading Up 0.3%

Shares of NYSE:IDE traded up $0.04 during trading on Friday, hitting $13.26. 36,056 shares of the company were exchanged, compared to its average volume of 48,761. Voya Infrastructure, Industrials and Materials Fund has a 52-week low of $11.36 and a 52-week high of $14.30. The stock has a 50 day moving average of $13.41 and a 200 day moving average of $13.45.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

The business also recently disclosed 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) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date is Tuesday, September 1st.

Voya Infrastructure, Industrials and Materials Fund Company Profile

(Get Free Report)

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.

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