Short Interest in Voya International High Dividend Equity Income Fund (NYSE:IID) Declines By 96.9%

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Voya International High Dividend Equity Income Fund (NYSE:IID) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 600 shares, a drop of 96.9% from the December 15th total of 19,100 shares. Based on an average trading volume of 37,500 shares, the short-interest ratio is presently 0.0 days.

Shares of IID traded up $0.02 on Tuesday, hitting $4.62. 40,449 shares of the stock traded hands, compared to its average volume of 37,450. The business has a 50 day simple moving average of $4.56 and a 200 day simple moving average of $4.37. Voya International High Dividend Equity Income Fund has a one year low of $2.52 and a one year high of $5.50.

The company also recently declared a monthly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be given a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of 7.79%. The ex-dividend date of this dividend is Wednesday, December 30th.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Saba Capital Management L.P. purchased a new position in shares of Voya International High Dividend Equity Income Fund during the 3rd quarter valued at $1,315,000. Rivernorth Capital Management LLC increased its holdings in Voya International High Dividend Equity Income Fund by 51.8% in the 3rd quarter. Rivernorth Capital Management LLC now owns 168,576 shares of the company’s stock valued at $747,000 after acquiring an additional 57,511 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Voya International High Dividend Equity Income Fund by 15.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 157,147 shares of the company’s stock valued at $696,000 after acquiring an additional 21,484 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Voya International High Dividend Equity Income Fund by 16.0% in the 3rd quarter. Park Avenue Securities LLC now owns 156,065 shares of the company’s stock valued at $691,000 after acquiring an additional 21,473 shares during the last quarter. Finally, Karpus Management Inc. increased its holdings in Voya International High Dividend Equity Income Fund by 3.1% in the 2nd quarter. Karpus Management Inc. now owns 304,206 shares of the company’s stock valued at $1,256,000 after acquiring an additional 9,064 shares during the last quarter.

About Voya International High Dividend Equity Income Fund

Voya International 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, Voya Investment Management Co LLC, and NNIP Advisors B.V. It invests in public equity markets across the globe, excluding the United States.

Read More: What is a closed-end mutual fund (CEF)?

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