Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Short Interest Up 114.8% in May

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 71,100 shares, an increase of 114.8% from the May 15th total of 33,100 shares. Based on an average trading volume of 62,900 shares, the short-interest ratio is currently 1.1 days.

Insider Transactions at Voya Asia Pacific High Dividend Equity Income Fund

In other news, major shareholder Saba Capital Management, L.P. purchased 20,844 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of $6.43 per share, with a total value of $134,026.92. Following the acquisition, the insider now owns 1,777,360 shares in the company, valued at approximately $11,428,424.80. The trade was a 1.19% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders bought 63,544 shares of company stock valued at $411,573.

Hedge Funds Weigh In On Voya Asia Pacific High Dividend Equity Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in IAE. Private Advisor Group LLC lifted its stake in Voya Asia Pacific High Dividend Equity Income Fund by 11.2% in the 4th quarter. Private Advisor Group LLC now owns 159,000 shares of the company’s stock valued at $964,000 after purchasing an additional 16,000 shares during the last quarter. Wolverine Asset Management LLC bought a new position in Voya Asia Pacific High Dividend Equity Income Fund in the 4th quarter valued at approximately $1,154,000. Raymond James Financial Inc. bought a new position in Voya Asia Pacific High Dividend Equity Income Fund in the 4th quarter valued at approximately $986,000. One Capital Management LLC bought a new position in Voya Asia Pacific High Dividend Equity Income Fund in the 4th quarter valued at approximately $61,000. Finally, Quarry LP bought a new position in Voya Asia Pacific High Dividend Equity Income Fund in the 4th quarter valued at approximately $742,000.

Voya Asia Pacific High Dividend Equity Income Fund Stock Down 1.2%

Shares of Voya Asia Pacific High Dividend Equity Income Fund stock opened at $6.80 on Monday. The company has a 50 day moving average of $6.34 and a 200-day moving average of $6.22. Voya Asia Pacific High Dividend Equity Income Fund has a 1-year low of $5.30 and a 1-year high of $7.00.

Voya Asia Pacific High Dividend Equity Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 11.47%. The ex-dividend date of this dividend is Monday, June 2nd.

Voya Asia Pacific High Dividend Equity Income Fund Company Profile

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.