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

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 32,322 shares, an increase of 96.7% from the June 15th total of 16,431 shares. Based on an average trading volume of 82,273 shares, the short-interest ratio is currently 0.4 days.

Voya Emerging Markets High Dividend Equity Fund Stock Performance

Shares of NYSE IHD opened at $7.46 on Thursday. Voya Emerging Markets High Dividend Equity Fund has a one year low of $5.75 and a one year high of $8.14. The business has a 50-day moving average price of $7.56 and a two-hundred day moving average price of $7.07.

Voya Emerging Markets High Dividend Equity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given a $0.055 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Monday, August 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IHD. Parkside Financial Bank & Trust acquired a new position in Voya Emerging Markets High Dividend Equity Fund in the 4th quarter valued at approximately $38,000. Advisory Services Network LLC acquired a new stake in shares of Voya Emerging Markets High Dividend Equity Fund during the 3rd quarter valued at $54,000. Cetera Investment Advisers grew its holdings in shares of Voya Emerging Markets High Dividend Equity Fund by 17.6% during the 4th quarter. Cetera Investment Advisers now owns 12,147 shares of the investment management company’s stock valued at $76,000 after acquiring an additional 1,818 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Voya Emerging Markets High Dividend Equity Fund during the 2nd quarter valued at $144,000. Finally, NewEdge Advisors LLC increased its stake in shares of Voya Emerging Markets High Dividend Equity Fund by 67.1% in the third quarter. NewEdge Advisors LLC now owns 46,119 shares of the investment management company’s stock worth $289,000 after acquiring an additional 18,525 shares during the last quarter.

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.