Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) Sees Large Growth in Short Interest

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired 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 purchased a new stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the fourth quarter valued at $63,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the second quarter worth $58,000. Kovack Advisors Inc. purchased a new position in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the third quarter valued at $62,000. Finally, Captrust Financial Advisors grew its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 22.8% during the second quarter. Captrust Financial Advisors now owns 12,275 shares of the closed-end fund’s stock valued at $66,000 after buying an additional 2,275 shares in the last quarter.

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

Shares of NYSE:EOD traded down $0.02 on Tuesday, reaching $5.96. 26,334 shares of the company traded hands, compared to its average volume of 132,041. The company’s 50 day moving average is $6.06 and its 200-day moving average is $5.86. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a fifty-two week low of $4.24 and a fifty-two week high of $6.30.

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

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

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.