Short Interest in Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Grows By 378.8%

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 14,528 shares, a growth of 378.8% from the April 30th total of 3,034 shares. Based on an average daily volume of 66,460 shares, the short-interest ratio is currently 0.2 days.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 41,777 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $7.73, for a total value of $322,936.21. Following the sale, the insider owned 1,618,753 shares in the company, valued at approximately $12,512,960.69. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Investors Weigh In On Voya Asia Pacific High Dividend Equity Income Fund

Several large investors have recently bought and sold shares of IAE. Cetera Investment Advisers bought a new stake in Voya Asia Pacific High Dividend Equity Income Fund in the second quarter worth $83,000. Raymond James Financial Inc. increased its position in Voya Asia Pacific High Dividend Equity Income Fund by 19.0% in the second quarter. Raymond James Financial Inc. now owns 129,511 shares of the company’s stock worth $912,000 after purchasing an additional 20,723 shares during the last quarter. Osaic Holdings Inc. increased its position in Voya Asia Pacific High Dividend Equity Income Fund by 7.8% in the second quarter. Osaic Holdings Inc. now owns 147,659 shares of the company’s stock worth $1,040,000 after purchasing an additional 10,684 shares during the last quarter. Bulldog Investors LLP increased its position in Voya Asia Pacific High Dividend Equity Income Fund by 424.0% in the third quarter. Bulldog Investors LLP now owns 406,055 shares of the company’s stock worth $3,045,000 after purchasing an additional 328,562 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in Voya Asia Pacific High Dividend Equity Income Fund in the third quarter worth $30,000.

Voya Asia Pacific High Dividend Equity Income Fund Stock Performance

Shares of IAE opened at $8.59 on Friday. The company’s fifty day moving average is $7.89 and its 200 day moving average is $7.73. Voya Asia Pacific High Dividend Equity Income Fund has a fifty-two week low of $6.62 and a fifty-two week high of $8.60.

Voya Asia Pacific High Dividend Equity Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.065 dividend. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date is Monday, June 1st.

About Voya Asia Pacific High Dividend Equity Income Fund

The Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) is a closed-end management investment company whose primary objective is to provide current income and capital appreciation by investing in dividend-paying equity securities of companies in the Asia Pacific region. The fund seeks to build a diversified portfolio of high-yielding common stocks, real estate investment trusts (REITs) and depositary receipts, targeting issuers in markets such as Australia, Hong Kong, Japan, Singapore and South Korea.