IGA Stock Summary and Trading Ideas (Voya Global Advantage & Premium Opportunity | NYSE:IGA)

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 investment objectives by investing at least 80% of its managed assets in a diversified global equity portfolio and employing an option strategy of writing index call options on a portion of its equity portfolio. The Fund also hedges most of its foreign currency exposure to seek to reduce volatility of total returns.

Voya Global Advantage & Premium Opportunity trades on the NYSE stock market under the symbol IGA.

As of April 19, 2024, IGA stock price climbed to $8.54 with 40,344 million shares trading.

IGA has a beta of 0.58, meaning it tends to be less sensitive to market movements. IGA has a correlation of 0.41 to the broad based SPY ETF.

IGA has a market cap of $132.79 million. This is considered a Micro Cap stock.

In the last 3 years, IGA stock traded as high as $10.71 and as low as $7.77.

IGA has underperformed the market in the last year with a return of +9.6%, while the SPY ETF gained +21.2%. In the last 3 month period, IGA fell short of the market, returning +0.8%, while SPY returned +4.3%. However, in the most recent 2 weeks IGA has outperformed the stock market by returning -1.8%, while SPY returned -3.5%.

IGA support price is $8.40 and resistance is $8.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IGA stock will trade within this expected range on the day.