Short-term stake in Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) rises 28.1%


The Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE – Get Rating) benefited from significant growth in short-term interest during the month of March. As of March 31, there were short interests totaling 25,500 shares, a growth of 28.1% from the total of 19,900 shares as of March 15. Based on an average daily volume of 59,500 shares, the day-to-cover ratio is currently 0.4 days.

Hedge funds have recently changed their holdings in the company. Wolverine Asset Management LLC purchased a new stake in shares of Voya Asia Pacific High Dividend Equity Income Fund in the third quarter for a value of approximately $62,000. Advisory Services Network LLC increased its position in the Voya Asia Pacific High Dividend Equity Income Fund by 144.2% in the third quarter. Advisory Services Network LLC now owns 11,250 shares of the company worth $97,000 after acquiring 6,643 additional shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in the Voya Asia Pacific High Dividend Equity Income Fund in the fourth quarter for a value of approximately $104,000. Royal Bank of Canada increased its position in the Voya Asia Pacific High Dividend Equity Income Fund by 10.3% in the third quarter. Royal Bank of Canada now owns 13,001 shares of the company worth $112,000 after acquiring 1,216 more shares last quarter. Finally, Coulter & Justus Financial Services LLC bought a new position in the Voya Asia Pacific High Dividend Equity Income Fund in the fourth quarter worth approximately $122,000.

IAE shares were down $0.04 during Monday trading hours, hitting $7.55. The stock recorded trading volume of 45,547 shares, compared to an average trading volume of 59,244 shares. The Voya Asia Pacific High Dividend Equity Income Fund has a one-year low of $7.11 and a one-year high of $9.74. The stock’s 50-day moving average price is $7.85 and its two-hundred-day moving average price is $8.14.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 18. Shareholders of record on Monday, April 4 will receive a dividend of $0.215. The ex-dividend date is Friday, April 1. This represents an annualized dividend of $0.86 and a dividend yield of 11.39%.

Voya Asia Pacific High Dividend Equity Income Fund Company Profile (Get a rating)

The Voya Asia Pacific High Dividend Equity Income Fund is a closed-end equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and NNIP Advisors BV. It invests in public stock markets in the Asia-Pacific region. The fund seeks to invest in shares of companies operating in diversified sectors.

Read more



Receive daily news and reviews for the Voya Asia Pacific High Dividend Equity Income Fund – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for the Voya Asia Pacific High Dividend Equity Income Fund and related companies with MarketBeat’s free daily email newsletter .com.

Comments are closed.