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

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 16,431 shares, a drop of 82.9% from the May 31st total of 96,343 shares. Based on an average trading volume of 173,165 shares, the days-to-cover ratio is presently 0.1 days.

Voya Emerging Markets High Dividend Equity Fund Stock Performance

Shares of NYSE IHD opened at $7.79 on Friday. The stock’s fifty day simple moving average is $7.46 and its 200 day simple moving average is $6.94. Voya Emerging Markets High Dividend Equity Fund has a 52-week low of $5.75 and a 52-week high of $8.14.

Voya Emerging Markets High Dividend Equity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a $0.055 dividend. The ex-dividend date is Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%.

Institutional Trading of Voya Emerging Markets High Dividend Equity Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bulldog Investors LLP boosted its holdings in shares of Voya Emerging Markets High Dividend Equity Fund by 9.1% in the first quarter. Bulldog Investors LLP now owns 982,438 shares of the investment management company’s stock worth $6,543,000 after buying an additional 81,985 shares during the period. Waterfront Wealth Inc. acquired a new position in Voya Emerging Markets High Dividend Equity Fund in the 1st quarter worth approximately $3,236,000. Private Advisor Group LLC boosted its stake in Voya Emerging Markets High Dividend Equity Fund by 36.7% in the 1st quarter. Private Advisor Group LLC now owns 312,161 shares of the investment management company’s stock worth $2,079,000 after purchasing an additional 83,855 shares during the period. Bank of America Corp DE grew its position in Voya Emerging Markets High Dividend Equity Fund by 3.3% during the 2nd quarter. Bank of America Corp DE now owns 205,196 shares of the investment management company’s stock worth $1,219,000 after purchasing an additional 6,513 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in Voya Emerging Markets High Dividend Equity Fund by 3.0% during the 4th quarter. Osaic Holdings Inc. now owns 155,597 shares of the investment management company’s stock valued at $976,000 after purchasing an additional 4,499 shares during the period.

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.