Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) Short Interest Up 50.2% in August

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 57,688 shares, a growth of 50.2% from the July 30th total of 38,400 shares. Based on an average trading volume of 95,235 shares, the days-to-cover ratio is currently 0.6 days.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Stock Down 0.5%

Shares of NYSE:EOD traded down $0.04 on Tuesday, hitting $6.62. 17,840 shares of the company’s stock were exchanged, compared to its average volume of 110,700. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a 12 month low of $5.51 and a 12 month high of $6.74. The business’s 50 day simple moving average is $6.56 and its two-hundred day simple moving average is $6.35.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be paid a $0.1482 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.59 annualized dividend and a yield of 9.0%. This is a boost from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.14.

Institutional Investors Weigh In On Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EOD. Kestra Advisory Services LLC bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the fourth quarter valued at approximately $35,000. OpenArc Corporate Advisory LLC bought a new position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the fourth quarter worth approximately $63,000. Captrust Financial Advisors grew its stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 22.8% in the second quarter. Captrust Financial Advisors now owns 12,275 shares of the closed-end fund’s stock worth $66,000 after purchasing an additional 2,275 shares in the last quarter. Kovack Advisors Inc. increased its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 28.3% during the 4th quarter. Kovack Advisors Inc. now owns 13,958 shares of the closed-end fund’s stock worth $81,000 after purchasing an additional 3,080 shares during the period. Finally, Vise Technologies Inc. purchased a new position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the 3rd quarter worth $81,000.

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.