Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) Stock Short Interest Rises 171.5%

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 35,192 shares, an increase of 171.5% from the September 30th total of 12,961 shares. Based on an average trading volume of 58,344 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IDE. Royal Bank of Canada raised its holdings in Voya Infrastructure, Industrials and Materials Fund by 0.9% in 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. boosted its stake in shares of Voya Infrastructure, Industrials and Materials Fund by 16.9% during the 3rd 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 in the last quarter. 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 buying an additional 106,450 shares during the period. Compound Planning Inc. increased its position in shares of Voya Infrastructure, Industrials and Materials Fund by 236.6% during the first quarter. Compound Planning Inc. now owns 82,183 shares of the company’s stock valued at $1,026,000 after buying an additional 57,770 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of 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 valued at $520,000 after buying an additional 1,845 shares during the period.

Voya Infrastructure, Industrials and Materials Fund Trading Up 1.9%

NYSE IDE traded up $0.23 on Thursday, hitting $12.08. The company’s stock had a trading volume of 46,595 shares, compared to its average volume of 50,153. Voya Infrastructure, Industrials and Materials Fund has a 52-week low of $11.36 and a 52-week high of $14.30. The company’s 50-day simple moving average is $12.47 and its 200 day simple moving average is $13.18.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be issued a $0.10 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.20 annualized dividend and a yield of 9.9%.

Voya Infrastructure, Industrials and Materials Fund Company Profile

Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) is a diversified, closed-end investment company that seeks to provide investors with current income and capital appreciation. The fund invests primarily in publicly traded companies associated with infrastructure, industrials and materials, giving shareholders access to a portfolio focused on sectors that support economic activity and physical development.

Its portfolio may include companies involved in areas such as transportation, utilities, energy infrastructure, construction, engineering, manufacturing, mining, chemicals and other basic materials.