Short-term stake in Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) drops 72.6%


The Voya Emerging Markets High Dividend Equity fund (NYSE:IHD – Get Rating) saw a sharp drop in short-term interest during the month of April. As of April 15, there was short interest totaling 8,800 shares, down 72.6% from the March 31 total of 32,100 shares. Based on an average daily trading volume of 59,200 shares, the day-to-cover ratio is currently 0.1 day.

NYSE: IHD traded down $0.05 during Thursday’s midday session, hitting $6.04. The stock had a trading volume of 515 shares, compared to an average volume of 68,898. The company has a 50-day moving average price of $6.48 and a two-hundred-day moving average price of $6.95 . The Voya Emerging Markets High Dividend Equity Fund has a one-year low of $5.94 and a one-year high of $8.71.

The company also recently announced a quarterly dividend, which was paid on Monday, April 18. Investors of record on Monday, April 4 received a dividend of $0.18. The ex-dividend date was Friday, April 1. This represents a dividend of $0.72 on an annualized basis and a yield of 11.92%.

A number of large investors have recently increased or reduced their stake in IHD. Gemmer Asset Management LLC bought a new stock position in the Voya Emerging Markets High Dividend Equity Fund in the first quarter for a value of approximately $39,000. Guggenheim Capital LLC increased its holdings of Voya Emerging Markets High Dividend Equity Fund shares by 5.2% in the fourth quarter. Guggenheim Capital LLC now owns 246,614 shares of the investment management company worth $1,751,000 after purchasing an additional 12,204 shares in the last quarter. Bank of America Corp DE increased its holdings of Voya Emerging Markets High Dividend Equity Fund shares by 7.1% in the fourth quarter. Bank of America Corp DE now owns 277,320 shares of the investment management firm worth $1,969,000 after buying an additional 18,434 shares in the last quarter. Raymond James & Associates increased its holdings of shares in the Voya Emerging Markets High Dividend Equity Fund by 79.5% in the fourth quarter. Raymond James & Associates now owns 93,525 shares of the investment management company worth $664,000 after buying 41,413 more shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings of shares in the Voya Emerging Markets High Dividend Equity Fund by 1.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 250,695 shares of the investment management firm worth $1,780,000 after buying 3,711 additional shares in the last quarter.

Voya Emerging Markets High Dividend Equity Fund Company Profile (Get a rating)

The Voya Emerging Markets High Dividend Equity Fund is a closed-end equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by ING Investment Management Advisors BV and Voya Investments, LLC. It invests in the stock markets of emerging countries around the world.

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