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

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 37,367 shares, a growth of 62.0% from the August 31st total of 23,067 shares. Based on an average daily volume of 108,441 shares, the short-interest ratio is currently 0.3 days.

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

Shares of EOD traded up $0.03 during midday trading on Wednesday, reaching $6.40. The stock had a trading volume of 116,148 shares, compared to its average volume of 110,895. The company’s 50-day moving average is $6.55 and its 200 day moving average is $6.40. 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.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a $0.1482 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Friday, September 11th. This is a positive change from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.1421.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EOD. Concorde Asset Management LLC bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the 2nd quarter worth approximately $132,000. Ameritas Advisory Services LLC grew its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 42.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 18,570 shares of the closed-end fund’s stock valued at $121,000 after purchasing an additional 5,570 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 4.7% during the 1st quarter. Bank of America Corp DE now owns 746,373 shares of the closed-end fund’s stock valued at $4,351,000 after purchasing an additional 33,725 shares during the last quarter. Cetera Investment Advisers raised its position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 22.1% in the 1st quarter. Cetera Investment Advisers now owns 90,144 shares of the closed-end fund’s stock worth $526,000 after purchasing an additional 16,333 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 6.8% in the first quarter. PNC Financial Services Group Inc. now owns 25,150 shares of the closed-end fund’s stock worth $147,000 after purchasing an additional 1,600 shares during the last quarter.

About Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund is a closed-end investment fund traded on the New York Stock Exchange under the symbol EOD. The fund seeks to provide investors with a high level of current income and long-term growth of capital by investing primarily in dividend-paying securities issued by companies around the world.

The fund’s portfolio may include common stocks and other equity-related investments across a range of industries, countries and regions.