Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) Short Interest Update

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 51,648 shares, an increase of 23.6% from the February 12th total of 41,778 shares. Based on an average daily trading volume, of 117,420 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 117,420 shares, the days-to-cover ratio is presently 0.4 days.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Price Performance

NYSE EOD traded down $0.02 during trading on Tuesday, reaching $5.96. The company’s stock had a trading volume of 26,334 shares, compared to its average volume of 132,041. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a 1-year low of $4.24 and a 1-year high of $6.30. The business has a 50-day moving average price of $6.06 and a 200-day moving average price of $5.86.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.1364 per share. This is a boost from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, March 12th. This represents a $0.55 annualized dividend and a dividend yield of 9.2%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 7.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 82,451 shares of the closed-end fund’s stock worth $444,000 after purchasing an additional 5,569 shares during the last quarter. Cetera Investment Advisers grew its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 13.3% during the second quarter. Cetera Investment Advisers now owns 55,428 shares of the closed-end fund’s stock valued at $299,000 after purchasing an additional 6,519 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 11.4% in the second quarter. Advisors Asset Management Inc. now owns 2,386,322 shares of the closed-end fund’s stock valued at $12,862,000 after purchasing an additional 244,215 shares during the period. J.W. Cole Advisors Inc. bought a new position in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the second quarter valued at approximately $58,000. Finally, Invesco Ltd. lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 5.3% in the second quarter. Invesco Ltd. now owns 695,819 shares of the closed-end fund’s stock worth $3,750,000 after buying an additional 35,174 shares during the last quarter.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Company Profile

The Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) is a closed-end management investment company focused on providing investors with exposure to dividend-paying equities across both developed and emerging markets. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of current income along with the potential for capital appreciation by investing in a diversified portfolio of global stocks.

Advised by Allspring Global Investments, the fund employs a bottom-up research process to identify companies with strong dividend track records, sustainable payout ratios and attractive growth prospects.