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

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 44,673 shares, an increase of 255.1% from the April 15th total of 12,579 shares. Based on an average daily trading volume, of 53,676 shares, the days-to-cover ratio is presently 0.8 days.

Voya Infrastructure, Industrials and Materials Fund Price Performance

NYSE IDE traded up $0.11 during mid-day trading on Thursday, reaching $13.91. 32,310 shares of the company’s stock traded hands, compared to its average volume of 58,123. Voya Infrastructure, Industrials and Materials Fund has a 1-year low of $10.97 and a 1-year high of $14.30. The company has a fifty day simple moving average of $13.12 and a 200-day simple moving average of $12.79.

Voya Infrastructure, Industrials and Materials Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Friday, May 1st.

Institutional Investors Weigh In On Voya Infrastructure, Industrials and Materials Fund

A number of hedge funds have recently bought and sold shares of the business. Compound Planning Inc. grew its stake in Voya Infrastructure, Industrials and Materials Fund by 236.6% during the 1st quarter. Compound Planning Inc. now owns 82,183 shares of the company’s stock valued at $1,026,000 after purchasing an additional 57,770 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Voya Infrastructure, Industrials and Materials Fund during the 1st quarter valued at approximately $128,000. Fifth Third Bancorp acquired a new stake in Voya Infrastructure, Industrials and Materials Fund during the 1st quarter valued at approximately $50,000. Kestra Advisory Services LLC acquired a new stake in Voya Infrastructure, Industrials and Materials Fund during the 1st quarter valued at approximately $264,000. Finally, C2C Wealth Management LLC grew its stake in Voya Infrastructure, Industrials and Materials Fund by 36.4% during the 1st quarter. C2C Wealth Management LLC now owns 26,232 shares of the company’s stock valued at $327,000 after purchasing an additional 7,000 shares in the last quarter.

About Voya Infrastructure, Industrials and Materials Fund

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.