Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) Shares Shorted: Short Interest Down 75.3% in October

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 8,683 shares, a decline of 75.3% from the October 15th total of 35,192 shares. Based on an average daily volume of 56,505 shares, the days-to-cover ratio is presently 0.2 days.

Voya Infrastructure, Industrials and Materials Fund Stock Down 0.5%

Shares of IDE traded down $0.06 during trading hours on Friday, reaching $11.90. 38,206 shares of the company traded hands, compared to its average volume of 50,093. The stock’s fifty day moving average is $12.16 and its 200 day moving average is $13.11. Voya Infrastructure, Industrials and Materials Fund has a 1-year low of $11.36 and a 1-year high of $14.30.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 10.1%. The ex-dividend date is Monday, November 2nd.

Hedge Funds Weigh In On Voya Infrastructure, Industrials and Materials Fund

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Voya Infrastructure, Industrials and Materials Fund by 0.9% during the 1st quarter. Royal Bank of Canada now owns 300,565 shares of the company’s stock worth $3,751,000 after purchasing an additional 2,736 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Voya Infrastructure, Industrials and Materials Fund by 16.9% during the third quarter. Oppenheimer & Co. Inc. now owns 148,375 shares of the company’s stock valued at $1,809,000 after purchasing an additional 21,458 shares during the period. International Assets Investment Management LLC increased its position in shares of Voya Infrastructure, Industrials and Materials Fund by 452.0% during the third quarter. International Assets Investment Management LLC now owns 130,000 shares of the company’s stock valued at $1,585,000 after purchasing an additional 106,450 shares during the period. Compound Planning Inc. lifted its position in Voya Infrastructure, Industrials and Materials Fund by 236.6% in the first quarter. Compound Planning Inc. now owns 82,183 shares of the company’s stock worth $1,026,000 after purchasing an additional 57,770 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Voya Infrastructure, Industrials and Materials Fund by 5.2% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 37,599 shares of the company’s stock worth $520,000 after buying an additional 1,845 shares in the last quarter.

About Voya Infrastructure, Industrials and Materials Fund

Voya Infrastructure, Industrials and Materials Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol IDE. The fund is managed by Voya Investment Management and invests primarily in publicly traded companies involved in infrastructure, industrials and materials. Its portfolio may include businesses that support transportation, utilities, energy infrastructure, construction, engineering, manufacturing, chemicals, metals and other resource-related activities.