Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) Sees Large Decrease in Short Interest

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 9,854 shares, a drop of 73.4% from the July 30th total of 37,024 shares. Based on an average trading volume of 41,103 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Voya Infrastructure, Industrials and Materials Fund

Several institutional investors have recently modified their holdings of IDE. Fifth Third Bancorp acquired a new position in Voya Infrastructure, Industrials and Materials Fund in the first quarter valued at approximately $50,000. Cetera Investment Advisers bought a new position in Voya Infrastructure, Industrials and Materials Fund in the first quarter valued at approximately $128,000. Kovack Advisors Inc. bought a new position in Voya Infrastructure, Industrials and Materials Fund in the fourth quarter valued at approximately $189,000. Bank of America Corp DE grew its holdings in Voya Infrastructure, Industrials and Materials Fund by 10.5% during the 2nd quarter. Bank of America Corp DE now owns 16,610 shares of the company’s stock worth $194,000 after acquiring an additional 1,581 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Voya Infrastructure, Industrials and Materials Fund during the first quarter worth $264,000.

Voya Infrastructure, Industrials and Materials Fund Stock Performance

IDE stock traded down $0.07 during trading on Thursday, hitting $13.22. The company had a trading volume of 30,572 shares, compared to its average volume of 48,839. The firm has a 50-day moving average price of $13.43 and a 200-day moving average price of $13.45. Voya Infrastructure, Industrials and Materials Fund has a 12 month low of $11.36 and a 12 month high of $14.30.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend is Tuesday, September 1st.

About Voya Infrastructure, Industrials and Materials Fund

Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) is a closed-end management investment company that seeks total return through a combination of current income and capital appreciation. The fund primarily invests in equity securities of companies engaged in infrastructure, industrials and materials businesses, such as utilities, transportation, engineering and construction materials. By targeting firms with established cash flows and growth potential, the fund aims to deliver a blend of yield and long-term capital gains for shareholders.

The fund’s investment strategy combines bottom-up security selection with broad sector diversification.