Short Interest in Pioneer Floating Rate Fund, Inc. Drops By 36.7
| XPPRX Fund | USD 7.63 0.04 0.52% |
Slightly above 62% of Voya Prime's investor base is looking to short. The analysis of overall sentiment of trading Voya Prime Rate mutual fund suggests that many investors are alarmed at this time. Voya Prime's investing sentiment can be driven by a variety of factors including economic data, Voya Prime's earnings reports, geopolitical events, and overall market trends.
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Pioneer Floating Rate Fund, Inc. was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 13,600 shares, a drop of 36.7 percent from the November 15th total of 21,500 shares. Based on an average daily trading volume,
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Voya Prime Rate Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Voya Prime mutual fund to make a market-neutral strategy. Peer analysis of Voya Prime could also be used in its relative valuation, which is a method of valuing Voya Prime by comparing valuation metrics with similar companies.
Peers
Voya Prime Related Equities
| JTSQX | Jp Morgan | 0.04 | ||||
| SIRZX | Sierra Core | 0.04 | ||||
| WMBFX | Wealthbuilder Moderate | 0.99 | ||||
| SCGRX | Qs Moderate | 1.25 | ||||
| SCGCX | Qs Moderate | 1.26 | ||||
| PAKJX | Putnam Retirement | 1.52 |
Other Information on Investing in Voya Mutual Fund
Voya Prime financial ratios help investors to determine whether Voya Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Voya with respect to the benefits of owning Voya Prime security.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |