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

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 26,702 shares, a decrease of 29.7% from the December 15th total of 37,962 shares. Based on an average daily volume of 157,741 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 157,741 shares, the short-interest ratio is presently 0.2 days.

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

A number of institutional investors have recently added to or reduced their stakes in EOD. Concurrent Investment Advisors LLC purchased a new position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the 2nd quarter valued at about $74,000. Harbour Investments Inc. boosted its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 9.1% in the second quarter. Harbour Investments Inc. now owns 93,086 shares of the closed-end fund’s stock valued at $502,000 after purchasing an additional 7,770 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 7.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 82,451 shares of the closed-end fund’s stock valued at $444,000 after purchasing an additional 5,569 shares in the last quarter. Shaker Financial Services LLC increased its position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 228.9% in the second quarter. Shaker Financial Services LLC now owns 145,159 shares of the closed-end fund’s stock worth $791,000 after buying an additional 101,024 shares during the period. Finally, New England Private Wealth Advisors LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the 2nd quarter worth about $74,000.

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

Shares of EOD stock traded down $0.01 during trading hours on Monday, reaching $5.99. The company had a trading volume of 106,460 shares, compared to its average volume of 165,933. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a twelve month low of $4.24 and a twelve month high of $6.02. The stock’s fifty day simple moving average is $5.85 and its 200 day simple moving average is $5.71.

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

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th were paid a $0.1315 dividend. This represents a $0.53 annualized dividend and a dividend yield of 8.8%. This is a boost from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, December 11th.

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.