Short Interest in Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund (NYSE:EOD) Increases By 30.5%

Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund (NYSE:EOD) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 111,800 shares, an increase of 30.5% from the August 15th total of 85,700 shares. Based on an average trading volume of 145,600 shares, the short-interest ratio is currently 0.8 days.

EOD opened at $5.59 on Wednesday. Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund has a fifty-two week low of $4.03 and a fifty-two week high of $6.02. The business has a 50-day moving average of $5.85 and a 200-day moving average of $5.65.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Tuesday, September 14th will be paid a dividend of $0.126 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.02%. The ex-dividend date is Monday, September 13th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Resource Council purchased a new stake in shares of Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund during the 2nd quarter worth about $180,000. Ameritas Investment Company LLC purchased a new stake in shares of Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund during the 2nd quarter worth about $120,000. National Asset Management Inc. raised its stake in shares of Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund by 9.2% during the 2nd quarter. National Asset Management Inc. now owns 45,461 shares of the closed-end fund’s stock worth $263,000 after purchasing an additional 3,848 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund by 24.0% in the 2nd quarter. Advisor Group Holdings Inc. now owns 293,266 shares of the closed-end fund’s stock valued at $1,700,000 after acquiring an additional 56,847 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new position in shares of Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund in the 2nd quarter valued at approximately $59,000.

About Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund

Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund is a closed-ended equity mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity markets across the globe.

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