Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) Shares Shorted: Short Interest Up 491.3% in October

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 October. As of October 15th, there was short interest totaling 127,814 shares, a growth of 491.3% from the September 30th total of 21,616 shares. Based on an average daily trading volume, of 130,767 shares, the days-to-cover ratio is presently 1.0 days.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Stock Up 0.1%

Shares of EOD stock traded up $0.01 during trading hours on Tuesday, reaching $6.23. 57,324 shares of the company’s stock were exchanged, compared to its average volume of 111,443. The business has a fifty day moving average price of $6.47 and a 200-day moving average price of $6.33. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a fifty-two week low of $5.51 and a fifty-two week high of $6.74.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 11th were paid a dividend of $0.1482 per share. This is an increase from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.1421. This represents a $0.59 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date was Friday, September 11th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EOD. Farther Finance Advisors LLC boosted its holdings in shares of 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 worth $85,000 after acquiring an additional 12,103 shares in the last quarter. Ameritas Advisory Services LLC raised its position 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 purchasing an additional 5,570 shares during the last quarter. Concorde Asset Management LLC acquired a new position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the second quarter worth $132,000. PNC Financial Services Group Inc. boosted 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 in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 22.1% during the first 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 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 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.