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

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

Institutional Trading of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund

A number of hedge funds have recently added to or reduced their stakes in EOD. Karpus Management Inc. increased its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 0.3% in the 2nd quarter. Karpus Management Inc. now owns 780,541 shares of the closed-end fund’s stock worth $4,207,000 after purchasing an additional 2,168 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 22.8% during the second quarter. Captrust Financial Advisors now owns 12,275 shares of the closed-end fund’s stock valued at $66,000 after purchasing an additional 2,275 shares in the last quarter. Kane Investment Management Inc. grew its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 33.2% during the third quarter. Kane Investment Management Inc. now owns 16,950 shares of the closed-end fund’s stock worth $97,000 after purchasing an additional 4,225 shares during the last quarter. NWF Advisory Services Inc. increased its stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 2.3% in the third quarter. NWF Advisory Services Inc. now owns 203,400 shares of the closed-end fund’s stock valued at $1,159,000 after buying an additional 4,600 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 7.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 82,451 shares of the closed-end fund’s stock valued at $444,000 after buying an additional 5,569 shares during the last quarter.

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

Shares of NYSE:EOD traded down $0.01 during trading on Friday, reaching $5.99. 106,460 shares of the company traded hands, compared to its average volume of 165,933. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a 52 week low of $4.24 and a 52 week high of $6.02. The company’s 50 day moving average is $5.85 and its two-hundred day moving average is $5.71.

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

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

About Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund

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.