Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Sees Large Growth in Short Interest

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 8,707 shares, an increase of 23.8% from the March 15th total of 7,032 shares. Based on an average daily volume of 37,768 shares, the short-interest ratio is currently 0.2 days.

Voya Asia Pacific High Dividend Equity Income Fund Trading Up 1.8%

Shares of IAE stock traded up $0.14 on Friday, hitting $8.02. The company’s stock had a trading volume of 37,283 shares, compared to its average volume of 63,246. The stock’s 50 day moving average is $7.66 and its 200-day moving average is $7.60. Voya Asia Pacific High Dividend Equity Income Fund has a fifty-two week low of $5.84 and a fifty-two week high of $8.30.

Voya Asia Pacific High Dividend Equity Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be paid a $0.065 dividend. The ex-dividend date is Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 9.7%.

Insider Activity at Voya Asia Pacific High Dividend Equity Income Fund

In other Voya Asia Pacific High Dividend Equity Income Fund news, major shareholder Saba Capital Management, L.P. sold 41,777 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $7.73, for a total value of $322,936.21. Following the transaction, the insider directly owned 1,618,753 shares in the company, valued at $12,512,960.69. The trade was a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 197,934 shares of company stock valued at $1,595,552 in the last 90 days.

Hedge Funds Weigh In On Voya Asia Pacific High Dividend Equity Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. NWF Advisory Services Inc. grew its stake in shares of Voya Asia Pacific High Dividend Equity Income Fund by 5.6% in the fourth quarter. NWF Advisory Services Inc. now owns 113,250 shares of the company’s stock valued at $824,000 after acquiring an additional 6,000 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Voya Asia Pacific High Dividend Equity Income Fund by 2.9% in the fourth quarter. Osaic Holdings Inc. now owns 150,141 shares of the company’s stock valued at $1,093,000 after acquiring an additional 4,300 shares in the last quarter. Bulldog Investors LLP grew its stake in shares of Voya Asia Pacific High Dividend Equity Income Fund by 4.6% in the fourth quarter. Bulldog Investors LLP now owns 424,908 shares of the company’s stock valued at $3,093,000 after acquiring an additional 18,853 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Voya Asia Pacific High Dividend Equity Income Fund by 8.6% in the fourth quarter. Wells Fargo & Company MN now owns 107,363 shares of the company’s stock valued at $782,000 after acquiring an additional 8,481 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Voya Asia Pacific High Dividend Equity Income Fund by 264.6% in the fourth quarter. LPL Financial LLC now owns 47,623 shares of the company’s stock valued at $347,000 after acquiring an additional 34,561 shares in the last quarter.

About Voya Asia Pacific High Dividend Equity Income Fund

The Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) is a closed-end management investment company whose primary objective is to provide current income and capital appreciation by investing in dividend-paying equity securities of companies in the Asia Pacific region. The fund seeks to build a diversified portfolio of high-yielding common stocks, real estate investment trusts (REITs) and depositary receipts, targeting issuers in markets such as Australia, Hong Kong, Japan, Singapore and South Korea.