Short Interest in Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) Declines By 59.3%

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 21,244 shares, a decrease of 59.3% from the July 30th total of 52,202 shares. Based on an average trading volume of 54,083 shares, the days-to-cover ratio is currently 0.4 days.

Voya Emerging Markets High Dividend Equity Fund Stock Performance

NYSE:IHD opened at $7.68 on Friday. The company has a 50-day moving average of $7.51 and a 200-day moving average of $7.24. Voya Emerging Markets High Dividend Equity Fund has a twelve month low of $5.84 and a twelve month high of $8.14.

Voya Emerging Markets High Dividend Equity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a c) annualized dividend and a yield of 8.6%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC bought a new position in shares of Voya Emerging Markets High Dividend Equity Fund in the second quarter valued at $418,000. Comprehensive Money Management Services LLC acquired a new stake in shares of Voya Emerging Markets High Dividend Equity Fund during the 2nd quarter valued at $111,000. Almitas Capital LLC bought a new stake in shares of Voya Emerging Markets High Dividend Equity Fund during the 2nd quarter worth $610,000. Bank of America Corp DE bought a new stake in shares of Voya Emerging Markets High Dividend Equity Fund during the 2nd quarter worth $1,354,000. Finally, Cetera Investment Advisers grew its holdings in shares of Voya Emerging Markets High Dividend Equity Fund by 36.1% in the 1st quarter. Cetera Investment Advisers now owns 16,530 shares of the investment management company’s stock worth $110,000 after acquiring an additional 4,383 shares during the last quarter.

Voya Emerging Markets High Dividend Equity Fund Company Profile

Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD) is a closed-end investment company that seeks to provide high current income and long-term capital appreciation by investing primarily in equity securities of companies domiciled or with significant business activities in emerging market countries. The fund emphasizes dividend-paying stocks across a range of industries, including financials, consumer staples, industrials and energy, with the goal of generating above-average yield relative to broader emerging market equity indices.

Launched in the mid-2000s under the ING Investment Management brand, the fund became part of Voya Investment Management’s portfolio offerings following Voya Financial’s acquisition of ING’s U.S.