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

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 20,913 shares, a drop of 36.7% from the September 15th total of 33,016 shares. Based on an average trading volume of 47,368 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Voya Emerging Markets High Dividend Equity Fund

Institutional investors have recently added to or reduced their stakes in the company. Waterfront Wealth Inc. bought a new position in shares of Voya Emerging Markets High Dividend Equity Fund during the 1st quarter worth approximately $3,236,000. Bank of America Corp DE purchased a new position in Voya Emerging Markets High Dividend Equity Fund in the second quarter worth $1,354,000. Private Advisor Group LLC grew its stake in Voya Emerging Markets High Dividend Equity Fund by 36.7% in the 1st quarter. Private Advisor Group LLC now owns 312,161 shares of the investment management company’s stock valued at $2,079,000 after purchasing an additional 83,855 shares during the period. Bulldog Investors LLP grew its stake in Voya Emerging Markets High Dividend Equity Fund by 9.1% in the 1st quarter. Bulldog Investors LLP now owns 982,438 shares of the investment management company’s stock valued at $6,543,000 after purchasing an additional 81,985 shares during the period. Finally, Almitas Capital LLC bought a new position in Voya Emerging Markets High Dividend Equity Fund in the 2nd quarter valued at $610,000.

Voya Emerging Markets High Dividend Equity Fund Price Performance

IHD traded up $0.01 during mid-day trading on Friday, reaching $7.42. 546,427 shares of the stock were exchanged, compared to its average volume of 110,084. Voya Emerging Markets High Dividend Equity Fund has a 1 year low of $5.93 and a 1 year high of $8.14. The company has a 50 day moving average price of $7.58 and a two-hundred day moving average price of $7.44.

Voya Emerging Markets High Dividend Equity Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, October 1st were given a dividend of $0.0550 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend was Thursday, October 1st.

About Voya Emerging Markets High Dividend Equity Fund

Voya Emerging Markets High Dividend Equity Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol IHD. The fund seeks to provide current income and long-term capital appreciation by investing primarily in dividend-paying equity securities issued by companies in emerging-market countries.

The fund’s portfolio may include common stocks and other equity investments across a range of industries and emerging-market geographies. Its investment approach emphasizes companies that offer relatively attractive dividend yields, while also considering business fundamentals, valuation and the potential for capital growth.