Short Interest in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) Drops By 45.6%

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) was the recipient of a large decline in short interest in the month of 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 trading volume of 114,107 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers grew its holdings in 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 valued at $526,000 after purchasing an additional 16,333 shares during the period. PNC Financial Services Group Inc. grew 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 valued at $147,000 after purchasing an additional 1,600 shares during the period. Invesco Ltd. grew its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 4.1% during the fourth quarter. Invesco Ltd. now owns 822,197 shares of the closed-end fund’s stock valued at $4,793,000 after purchasing an additional 32,381 shares during the period. Harbour Wealth Management Group Inc. acquired a new position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the fourth quarter valued at approximately $117,000. Finally, XTX Topco Ltd acquired a new position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the fourth quarter valued at approximately $144,000.

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

EOD traded down $0.06 during trading on Friday, reaching $6.41. 59,499 shares of the company’s stock were exchanged, compared to its average volume of 126,470. The company’s fifty day moving average price is $6.13 and its 200-day moving average price is $6.00. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a fifty-two week low of $5.13 and a fifty-two week high of $6.59.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders 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 represents a $0.55 dividend on an annualized basis and a yield of 8.5%. This is a boost 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.