Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Sees Significant Increase in Short Interest

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 208,200 shares, an increase of 154.2% from the March 15th total of 81,900 shares. Based on an average trading volume of 265,000 shares, the days-to-cover ratio is currently 0.8 days.

Voya Global Equity Dividend and Premium Opportunity Fund Price Performance

Shares of NYSE:IGD traded down $0.04 during trading on Wednesday, reaching $5.42. 236,299 shares of the company’s stock traded hands, compared to its average volume of 247,168. Voya Global Equity Dividend and Premium Opportunity Fund has a fifty-two week low of $4.95 and a fifty-two week high of $5.77. The company has a 50-day simple moving average of $5.51 and a 200-day simple moving average of $5.50.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.07%. The ex-dividend date of this dividend is Thursday, May 1st.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. LPL Financial LLC raised its position in Voya Global Equity Dividend and Premium Opportunity Fund by 4.5% during the fourth quarter. LPL Financial LLC now owns 784,229 shares of the investment management company’s stock worth $4,251,000 after acquiring an additional 33,668 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the fourth quarter worth about $2,364,000. Envestnet Asset Management Inc. raised its position in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 4.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 277,194 shares of the investment management company’s stock worth $1,502,000 after purchasing an additional 13,021 shares during the last quarter. Lido Advisors LLC lifted its stake in Voya Global Equity Dividend and Premium Opportunity Fund by 21.1% in the 4th quarter. Lido Advisors LLC now owns 271,631 shares of the investment management company’s stock valued at $1,486,000 after buying an additional 47,367 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in Voya Global Equity Dividend and Premium Opportunity Fund by 3.6% in the 4th quarter. Park Avenue Securities LLC now owns 204,752 shares of the investment management company’s stock worth $1,110,000 after buying an additional 7,183 shares during the last quarter.

Voya Global Equity Dividend and Premium Opportunity Fund Company Profile

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.