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

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 31,426 shares, a drop of 59.8% from the February 12th total of 78,162 shares. Based on an average daily trading volume, of 178,596 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 178,596 shares, the short-interest ratio is currently 0.2 days.

Voya Emerging Markets High Dividend Equity Fund Stock Performance

Voya Emerging Markets High Dividend Equity Fund stock opened at $6.52 on Wednesday. Voya Emerging Markets High Dividend Equity Fund has a 12 month low of $4.54 and a 12 month high of $7.28. The company’s fifty day simple moving average is $6.80 and its 200-day simple moving average is $6.41.

Voya Emerging Markets High Dividend Equity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 10.1%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust purchased a new stake in shares of Voya Emerging Markets High Dividend Equity Fund during the 4th quarter worth about $38,000. Advisory Services Network LLC bought a new stake in shares of Voya Emerging Markets High Dividend Equity Fund in the 3rd quarter valued at approximately $54,000. Cetera Investment Advisers increased its holdings in Voya Emerging Markets High Dividend Equity Fund by 17.6% in the fourth quarter. Cetera Investment Advisers now owns 12,147 shares of the investment management company’s stock worth $76,000 after buying an additional 1,818 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Voya Emerging Markets High Dividend Equity Fund during the third quarter valued at approximately $77,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Voya Emerging Markets High Dividend Equity Fund in the second quarter valued at approximately $144,000.

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.