Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA) Shares Shorted: Short Interest Up 53.7% in September

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

Voya Global Advantage and Premium Opportunity Fund Stock Performance

Shares of IGA stock opened at $10.02 on Friday. Voya Global Advantage and Premium Opportunity Fund has a fifty-two week low of $9.21 and a fifty-two week high of $10.77. The stock’s fifty day moving average is $10.40 and its two-hundred day moving average is $9.95.

Voya Global Advantage and Premium Opportunity Fund Dividend Announcement

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

Hedge Funds Weigh In On Voya Global Advantage and Premium Opportunity Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in Voya Global Advantage and Premium Opportunity Fund by 8.2% in the 1st 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 during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Voya Global Advantage and Premium Opportunity Fund by 2.4% during the 2nd quarter. Baird Financial Group Inc. now owns 79,454 shares of the company’s stock worth $787,000 after purchasing an additional 1,853 shares during the last quarter. Closed End Fund Advisors Inc. purchased a new stake in shares of Voya Global Advantage and Premium Opportunity Fund in the fourth quarter valued at approximately $342,000. Finally, Evolve Private Wealth LLC purchased a new stake in shares of Voya Global Advantage and Premium Opportunity Fund in the second quarter valued at approximately $196,000.

Voya Global Advantage and Premium Opportunity Fund Company Profile

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.