Short Interest in Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund (NYSE:EOD) Rises By 7,277.8%

Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund (NYSE:EOD) saw a large growth in short interest in the month of May. As of May 28th, there was short interest totalling 66,400 shares, a growth of 7,277.8% from the May 13th total of 900 shares. Based on an average trading volume of 239,400 shares, the short-interest ratio is presently 0.3 days.

In other Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund news, Portfolio Manager Christopher M. Lee acquired 5,000 shares of Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund stock in a transaction dated Thursday, May 6th. The stock was bought at an average cost of $5.55 per share, with a total value of $27,750.00. Following the acquisition, the portfolio manager now owns 20,000 shares of the company’s stock, valued at $111,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Several large investors have recently added to or reduced their stakes in EOD. International Assets Investment Management LLC lifted its holdings in Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund by 61.5% during the 1st quarter. International Assets Investment Management LLC now owns 7,484 shares of the closed-end fund’s stock valued at $37,000 after purchasing an additional 2,850 shares during the last quarter. Wagner Wealth Management LLC bought a new position in Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund during the 4th quarter valued at about $68,000. Walleye Trading LLC bought a new position in Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund during the 4th quarter valued at about $91,000. HighTower Advisors LLC bought a new position in shares of Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund in the first quarter worth about $98,000. Finally, Mariner Investment Group LLC bought a new position in shares of Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund in the first quarter worth about $176,000.

Shares of NYSE:EOD traded down $0.17 during midday trading on Friday, reaching $5.80. 1,611 shares of the company’s stock were exchanged, compared to its average volume of 233,158. The business has a 50 day moving average price of $5.53. Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund has a 12 month low of $4.03 and a 12 month high of $6.02.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 1st. Stockholders of record on Monday, June 14th will be issued a dividend of $0.132 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 9.10%. This is an increase from Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 11th.

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

Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund is a closed-ended equity mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity markets across the globe.

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