The short interest in the Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) experienced a significant increase of 32.6% in December 2023. As of December 31, the total short interest reached 28,911 shares, up from 21,803 shares recorded on December 15. With an average daily trading volume of 45,142 shares, the current days-to-cover ratio stands at approximately 0.6 days.
Institutional Investor Activity
Recent modifications to holdings by institutional investors have contributed to the fund’s dynamics. Bank of America Corp DE increased its stake in the Voya fund by 10.5% during the second quarter, acquiring an additional 1,581 shares to reach a total of 16,610 shares. This investment is valued at approximately $194,000.
Similarly, Uhlmann Price Securities LLC raised its holdings by 20.5% in the third quarter, now owning 24,451 shares worth about $297,000 after adding 4,157 shares. Another notable change came from NWF Advisory Services Inc., which boosted its position by 7.6% during the same quarter, increasing its total to 28,200 shares valued at $342,000 after acquiring 2,000 shares.
Moreover, Bay Colony Advisory Group Inc, operating as Bay Colony Advisors, expanded its investment by 54.4% in the second quarter, now holding 30,032 shares valued at $351,000 after purchasing 10,581 shares. Farther Finance Advisors LLC displayed a remarkable increase of 14,903.3% in the same period, acquiring 49,628 shares to total 49,961 shares, with a value of approximately $584,000.
Recent Stock Performance
On the trading front, shares of the Voya Infrastructure, Industrials and Materials Fund rose by $0.17 during mid-day trading on a recent Monday, reaching a price of $12.92. The trading volume for the day was 134,614 shares, significantly higher than the average volume of 66,129 shares. The fund’s stock has fluctuated within a 52-week range, hitting a low of $8.75 and a high of $12.97. The current 50-day moving average price is $12.06, while the 200-day moving average stands at $12.09.
The Voya Infrastructure, Industrials and Materials Fund is a closed-end management investment company focused on generating total returns through a combination of current income and capital appreciation. The fund primarily invests in equity securities related to industries such as infrastructure, industrials, and materials, including utilities, transportation, and construction sectors. By concentrating on companies with established cash flows and growth potential, it aims to provide a balanced mix of yield and long-term capital gains for its shareholders.
As investor interest continues to shift and adapt, the Voya Infrastructure Fund remains a focal point for both institutional and retail investors alike, reflecting broader trends in the market.
