Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Sees Large Increase in Short Interest

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAEGet Rating) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 25,500 shares, a growth of 28.1% from the March 15th total of 19,900 shares. Based on an average trading volume of 59,500 shares, the days-to-cover ratio is presently 0.4 days.

A number of hedge funds have recently modified their holdings of the stock. Morgan Stanley raised its position in Voya Asia Pacific High Dividend Equity Income Fund by 32.9% during the 2nd quarter. Morgan Stanley now owns 224,402 shares of the company’s stock valued at $2,177,000 after purchasing an additional 55,546 shares during the last quarter. Raymond James & Associates raised its position in Voya Asia Pacific High Dividend Equity Income Fund by 6.0% during the 3rd quarter. Raymond James & Associates now owns 790,885 shares of the company’s stock valued at $6,802,000 after purchasing an additional 44,800 shares during the last quarter. Advisor Group Holdings Inc. raised its position in Voya Asia Pacific High Dividend Equity Income Fund by 32.9% during the 3rd quarter. Advisor Group Holdings Inc. now owns 71,465 shares of the company’s stock valued at $614,000 after purchasing an additional 17,710 shares during the last quarter. Advisory Services Network LLC raised its position in Voya Asia Pacific High Dividend Equity Income Fund by 144.2% during the 3rd quarter. Advisory Services Network LLC now owns 11,250 shares of the company’s stock valued at $97,000 after purchasing an additional 6,643 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in Voya Asia Pacific High Dividend Equity Income Fund during the 3rd quarter valued at approximately $62,000.

IAE stock traded down $0.04 during trading on Monday, hitting $7.55. 45,547 shares of the company traded hands, compared to its average volume of 59,244. Voya Asia Pacific High Dividend Equity Income Fund has a 1 year low of $7.11 and a 1 year high of $9.74. The company has a 50-day moving average of $7.85 and a 200-day moving average of $8.14.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 18th. Investors of record on Monday, April 4th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 11.39%. The ex-dividend date of this dividend is Friday, April 1st.

About Voya Asia Pacific High Dividend Equity Income Fund (Get Rating)

Voya Asia Pacific High Dividend Equity Income Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and NNIP Advisors B.V. It invests in the public equity markets of the Asia Pacific region. The fund seeks to invest in stocks of companies operating across diversified sectors.

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