Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Short Interest Up 154.2% in March

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 208,200 shares, a growth 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 Trading Up 0.6 %

Shares of IGD traded up $0.04 during mid-day trading on Thursday, reaching $5.46. 104,025 shares of the stock traded hands, compared to its average volume of 246,600. Voya Global Equity Dividend and Premium Opportunity Fund has a 12-month low of $4.95 and a 12-month high of $5.77. The stock has a fifty 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 company also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a yield of 11.00%. The ex-dividend date of this dividend is Thursday, May 1st.

Hedge Funds Weigh In On Voya Global Equity Dividend and Premium Opportunity Fund

Several institutional investors have recently modified their holdings of the company. NBC Securities Inc. raised its holdings in Voya Global Equity Dividend and Premium Opportunity Fund by 103,988.9% during the first quarter. NBC Securities Inc. now owns 9,368 shares of the investment management company’s stock worth $54,000 after purchasing an additional 9,359 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in Voya Global Equity Dividend and Premium Opportunity Fund during the fourth quarter valued at $55,000. PFG Investments LLC purchased a new stake in Voya Global Equity Dividend and Premium Opportunity Fund in the 4th quarter worth about $60,000. GWN Securities Inc. purchased a new position in Voya Global Equity Dividend and Premium Opportunity Fund during the 4th quarter valued at about $72,000. Finally, Client 1ST Advisory Group LLC acquired a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the 4th quarter valued at about $89,000.

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.