Large Outflow of Money Witnessed in Voya Global Equity Dividend and Premium Opportunity Fund

Voya Global Equity Dividend and Premium Opportunity Fund (IGD) : The value of composite uptick trades was $0.57 million, whereas, the value of composite downtick trades was $5.23 million. The uptick to downtick ratio stood at 0.11 with a negative money flow of ($4.66) Million during Tuesdays trading session. The block trades money flow was negative ($4.22 million).The uptick to the downtick ratio of 0.03 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $0.15 million. The transaction of the trades on downticks amounted to $4.37 million, which confirms investors selling on the strength of price. Voya Global Equity Dividend and Premium Opportunity Fund (IGD) gained 7 cents at $6.83, an increase of 1.04% over the previous days close.

Voya

Shares of Voya Global Equity Dividend and Premium Opportunity Fund appreciated by 0.89% during the last five trading days but lost 0.21% on a 4-week basis. Voya Global Equity Dividend and Premium Opportunity Fund is up 2.87% in the last 3-month period. Year-to-Date the stock performance stands at 4.32%.

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD): stock turned positive on Tuesday. Though the stock opened at $6.84, the bulls momentum made the stock top out at $6.87 level for the day. The stock recorded a low of $6.81 and closed the trading day at $6.83, in the green by 1.04%. The total traded volume for the day was 1,111,899. The stock had closed at $6.76 in the previous days trading.

Voya Global Equity Dividend and Premium Opportunity Fund is a diversified closed-end management investment company. The primary objective of the Fund is to provide a high level of income, with a secondary objective of capital appreciation. The Fund seeks to achieve its objectives by investing in a portfolio of global common stocks that have a history of attractive dividend yields and employing an option strategy of writing call options on a portion of the equity portfolio. The Fund sells call options on selected indexes and on individual securities and exchange traded fund (ETFs) to seek gains and lower volatility of total returns over a market cycle. The Fund invests in different sectors, such as financials, health care, industrials, information technology, consumer discretionary, energy, consumer staples, telecommunication services, materials and utilities. Voya Investments, LLC is the investment adviser for the Fund and NNIP Advisors B.V. is the sub-adviser.

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