Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) Sees Large Growth in Short Interest

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 30,739 shares, a growth of 86.1% from the December 31st total of 16,519 shares. Based on an average trading volume of 103,642 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 103,642 shares, the short-interest ratio is currently 0.3 days.

Voya Emerging Markets High Dividend Equity Fund Price Performance

Voya Emerging Markets High Dividend Equity Fund stock traded down $0.12 during midday trading on Friday, reaching $6.87. The company’s stock had a trading volume of 121,783 shares, compared to its average volume of 119,084. The stock’s 50 day simple moving average is $6.43 and its 200 day simple moving average is $6.22. Voya Emerging Markets High Dividend Equity Fund has a fifty-two week low of $4.54 and a fifty-two week high of $7.09.

Voya Emerging Markets High Dividend Equity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be paid a $0.055 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 9.6%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC boosted its holdings in Voya Emerging Markets High Dividend Equity Fund by 35.0% in the third quarter. Verition Fund Management LLC now owns 150,567 shares of the investment management company’s stock worth $944,000 after purchasing an additional 39,043 shares during the period. Private Advisor Group LLC grew its holdings in Voya Emerging Markets High Dividend Equity Fund by 5.0% during the third quarter. Private Advisor Group LLC now owns 226,069 shares of the investment management company’s stock worth $1,417,000 after acquiring an additional 10,837 shares during the period. Osaic Holdings Inc. lifted its position in shares of Voya Emerging Markets High Dividend Equity Fund by 121.3% during the 2nd quarter. Osaic Holdings Inc. now owns 148,536 shares of the investment management company’s stock valued at $882,000 after acquiring an additional 81,418 shares during the last quarter. Bank of America Corp DE increased its position in shares of Voya Emerging Markets High Dividend Equity Fund by 3.3% in the second quarter. Bank of America Corp DE now owns 205,196 shares of the investment management company’s stock worth $1,219,000 after acquiring an additional 6,513 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Voya Emerging Markets High Dividend Equity Fund during the third quarter valued at $54,000.

About Voya Emerging Markets High Dividend Equity Fund

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.