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 24, 2024, IGA stock price declined to $9.00 with 113,271 million shares trading.

IGA has a beta of 0.54, meaning it tends to be less sensitive to market movements. IGA has a correlation of 0.38 to the broad based SPY ETF.

IGA has a market cap of $139.96 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 stock has underperformed the market in the last year with a return of +16.4%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IGA shares. However, IGA has outperformed the market in the last 3 month and 2 week periods, returning +7.2% and +3.2%, while SPY returned +4.6% and -2.7%, respectively. This indicates IGA has been having a stronger performance recently.

IGA support price is $8.98 and resistance is $9.16 (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.