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

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 41,778 shares, a growth of 41.7% from the January 29th total of 29,483 shares. Based on an average daily volume of 162,413 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 162,413 shares, the short-interest ratio is currently 0.3 days.

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

NYSE EOD traded up $0.04 on Friday, reaching $6.29. The company had a trading volume of 83,288 shares, compared to its average volume of 144,505. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a 1-year low of $4.24 and a 1-year high of $6.30. The company’s fifty day moving average is $6.02 and its 200-day moving average is $5.83.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be given a dividend of $0.1364 per share. This is a positive change from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.13. This represents a $0.55 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend is Thursday, March 12th.

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

A number of hedge funds have recently made changes to their positions 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 worth about $35,000. OpenArc Corporate Advisory LLC purchased a new stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the 4th quarter valued at about $63,000. J.W. Cole Advisors Inc. bought a new position in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the 2nd quarter worth approximately $58,000. Kovack Advisors Inc. bought a new position in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the 3rd quarter worth approximately $62,000. Finally, Captrust Financial Advisors grew its holdings in shares of 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 valued at $66,000 after acquiring an additional 2,275 shares in the last quarter.

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.