Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA) Short Interest Update

Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 71,685 shares, a growth of 53.7% from the August 31st total of 46,630 shares. Based on an average trading volume of 85,625 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Voya Global Advantage and Premium Opportunity Fund

A number of hedge funds have recently added to or reduced their stakes in IGA. Evolve Private Wealth LLC purchased a new position in Voya Global Advantage and Premium Opportunity Fund in the 2nd quarter valued at approximately $196,000. Closed End Fund Advisors Inc. purchased a new stake in shares of Voya Global Advantage and Premium Opportunity Fund during the fourth quarter worth $342,000. Baird Financial Group Inc. raised its stake in shares of Voya Global Advantage and Premium Opportunity Fund by 2.4% in the second quarter. Baird Financial Group Inc. now owns 79,454 shares of the company’s stock valued at $787,000 after acquiring an additional 1,853 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Voya Global Advantage and Premium Opportunity Fund by 8.2% in the first quarter. Royal Bank of Canada now owns 97,163 shares of the company’s stock valued at $929,000 after acquiring an additional 7,384 shares in the last quarter.

Voya Global Advantage and Premium Opportunity Fund Stock Down 0.2%

NYSE IGA opened at $9.98 on Friday. The stock has a 50-day moving average of $10.40 and a two-hundred day moving average of $9.95. Voya Global Advantage and Premium Opportunity Fund has a 1-year low of $9.21 and a 1-year high of $10.77.

Voya Global Advantage and Premium Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be issued a $0.0850 dividend. The ex-dividend date is Thursday, October 1st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 10.2%.

About Voya Global Advantage and Premium Opportunity Fund

Voya Global Advantage and Premium Opportunity 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. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies across all market capitalizations. The fund also invests through index call options on selected indices, equities, and/or exchange-traded funds.