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

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 85,782 shares, a decline of 45.6% from the April 15th total of 157,717 shares. Based on an average daily volume of 114,107 shares, the short-interest ratio is presently 0.8 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 6.8% during 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. Karpus Management Inc. increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 0.3% in the second quarter. Karpus Management Inc. now owns 780,541 shares of the closed-end fund’s stock valued at $4,207,000 after buying an additional 2,168 shares in the last quarter. Captrust Financial Advisors increased 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 buying an additional 2,275 shares in the last quarter. Kovack Advisors Inc. increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 28.3% in the fourth quarter. Kovack Advisors Inc. now owns 13,958 shares of the closed-end fund’s stock valued at $81,000 after buying an additional 3,080 shares in the last quarter. Finally, Kane Investment Management Inc. increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 33.2% in the third quarter. Kane Investment Management Inc. now owns 16,950 shares of the closed-end fund’s stock valued at $97,000 after buying an additional 4,225 shares in the last quarter.

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

NYSE:EOD traded down $0.03 during midday trading on Monday, hitting $6.37. 62,407 shares of the stock were exchanged, compared to its average volume of 125,785. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a one year low of $5.13 and a one year high of $6.59. The business has a 50-day moving average price of $6.14 and a two-hundred day moving average price of $6.00.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Thursday, March 12th were issued a dividend of $0.1364 per share. The ex-dividend date of this dividend was Thursday, March 12th. 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 annualized dividend and a yield of 8.6%.

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.