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

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 33,653 shares, a drop of 48.5% from the January 29th total of 65,354 shares. Based on an average daily trading volume, of 64,759 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 64,759 shares, the days-to-cover ratio is currently 0.5 days.

Voya Infrastructure, Industrials and Materials Fund Stock Up 0.3%

Shares of IDE stock opened at $14.27 on Friday. The business’s fifty day moving average price is $13.12 and its 200 day moving average price is $12.46. Voya Infrastructure, Industrials and Materials Fund has a 1-year low of $8.75 and a 1-year high of $14.30.

Voya Infrastructure, Industrials and Materials Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.10 dividend. The ex-dividend date is Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.

Hedge Funds Weigh In On Voya Infrastructure, Industrials and Materials Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kovack Advisors Inc. acquired a new stake in shares of Voya Infrastructure, Industrials and Materials Fund in the fourth quarter valued at approximately $189,000. Bank of America Corp DE lifted its stake in Voya Infrastructure, Industrials and Materials Fund by 10.5% in the 2nd quarter. Bank of America Corp DE now owns 16,610 shares of the company’s stock valued at $194,000 after buying an additional 1,581 shares in the last quarter. Uhlmann Price Securities LLC lifted its stake in Voya Infrastructure, Industrials and Materials Fund by 20.5% in the 3rd quarter. Uhlmann Price Securities LLC now owns 24,451 shares of the company’s stock valued at $297,000 after buying an additional 4,157 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in Voya Infrastructure, Industrials and Materials Fund during the 4th quarter valued at $299,000. Finally, Compound Planning Inc. purchased a new position in Voya Infrastructure, Industrials and Materials Fund during the fourth quarter worth $300,000.

Voya Infrastructure, Industrials and Materials Fund Company Profile

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.