Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) Shares Shorted: Short Interest Down 42.2% in September

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 21,616 shares, a decline of 42.2% from the September 15th total of 37,367 shares. Based on an average trading volume of 114,265 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Shaker Financial Services LLC grew its position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 582.0% during the third quarter. Shaker Financial Services LLC now owns 255,731 shares of the closed-end fund’s stock worth $1,675,000 after buying an additional 218,236 shares in the last quarter. Paller Financial Services Inc increased its stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 5.2% during the 3rd quarter. Paller Financial Services Inc now owns 453,794 shares of the closed-end fund’s stock worth $2,904,000 after acquiring an additional 22,241 shares during the period. Farther Finance Advisors LLC raised its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 1,087.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,216 shares of the closed-end fund’s stock valued at $85,000 after acquiring an additional 12,103 shares in the last quarter. Concorde Asset Management LLC acquired a new position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the 2nd quarter valued at $132,000. Finally, Ameritas Advisory Services LLC raised its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 42.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 18,570 shares of the closed-end fund’s stock valued at $121,000 after acquiring an additional 5,570 shares in the last quarter.

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

NYSE:EOD traded down $0.07 during mid-day trading on Friday, reaching $6.28. 103,297 shares of the company’s stock were exchanged, compared to its average volume of 112,343. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a one year low of $5.51 and a one year high of $6.74. The business’s fifty day simple moving average is $6.53 and its two-hundred day simple moving average is $6.45.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 11th were given a dividend of $0.1482 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date was Friday, September 11th. This is a boost from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.1421.

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 high current income and long-term total return by investing in a diversified portfolio of global dividend-paying securities.

The fund primarily invests in equity securities issued by companies located in the United States and other countries. Its portfolio may include common stocks, preferred stocks and other income-oriented securities, with an emphasis on companies that pay dividends or otherwise offer the potential for income and capital appreciation.