Short Interest in Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Rises By 42.6%

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 65,300 shares, a growth of 42.6% from the January 31st total of 45,800 shares. Based on an average daily volume of 248,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC purchased a new position in Voya Global Equity Dividend and Premium Opportunity Fund during the third quarter worth about $11,337,000. World Investment Advisors LLC purchased a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the third quarter worth approximately $601,000. Park Avenue Securities LLC increased its stake in Voya Global Equity Dividend and Premium Opportunity Fund by 3.6% during the fourth quarter. Park Avenue Securities LLC now owns 204,752 shares of the investment management company’s stock worth $1,110,000 after acquiring an additional 7,183 shares during the last quarter. Client 1ST Advisory Group LLC purchased a new stake in Voya Global Equity Dividend and Premium Opportunity Fund in the fourth quarter valued at $89,000. Finally, PFG Investments LLC acquired a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the 4th quarter valued at $60,000.

Voya Global Equity Dividend and Premium Opportunity Fund Stock Performance

IGD traded up $0.03 on Wednesday, reaching $5.56. 126,261 shares of the company’s stock were exchanged, compared to its average volume of 246,340. Voya Global Equity Dividend and Premium Opportunity Fund has a twelve month low of $4.95 and a twelve month high of $5.70. The stock’s fifty day moving average price is $5.46 and its 200-day moving average price is $5.52.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 10.80%. The ex-dividend date is Monday, March 3rd.

About Voya Global Equity Dividend and Premium Opportunity Fund

Voya Global Equity Dividend 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 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.