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) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 44,850 shares, a decline of 49.4% from the May 31st total of 88,589 shares. Based on an average daily volume of 96,162 shares, the short-interest ratio is presently 0.5 days.

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

Hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the 4th quarter valued at $35,000. OpenArc Corporate Advisory LLC purchased a new position in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the fourth quarter worth $63,000. Captrust Financial Advisors raised its stake 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 worth $66,000 after purchasing an additional 2,275 shares during the last quarter. Kovack Advisors Inc. lifted its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 28.3% during the fourth quarter. Kovack Advisors Inc. now owns 13,958 shares of the closed-end fund’s stock valued at $81,000 after purchasing an additional 3,080 shares in the last quarter. Finally, Vise Technologies Inc. bought a new position in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the third quarter valued at $81,000.

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

Shares of EOD stock opened at $6.51 on Tuesday. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a one year low of $5.33 and a one year high of $6.74. The company’s 50-day moving average is $6.45 and its 200 day moving average is $6.15.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.1421 per share. The ex-dividend date is Thursday, June 11th. This is a positive change from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 8.7%.

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.