Short Interest in Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund (NYSE:EOD) Rises By 7,277.8%

Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund (NYSE:EOD) was the target of a significant growth in short interest in May. As of May 28th, there was short interest totalling 66,400 shares, a growth of 7,277.8% from the May 13th total of 900 shares. Based on an average trading volume of 239,400 shares, the short-interest ratio is currently 0.3 days.

In related news, Portfolio Manager Christopher M. Lee acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, May 6th. The stock was acquired at an average cost of $5.55 per share, for a total transaction of $27,750.00. Following the completion of the acquisition, the portfolio manager now directly owns 20,000 shares of the company’s stock, valued at approximately $111,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

A number of large investors have recently modified their holdings of the stock. 1607 Capital Partners LLC boosted its holdings in Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund by 294.5% during the first quarter. 1607 Capital Partners LLC now owns 356,325 shares of the closed-end fund’s stock worth $1,874,000 after buying an additional 266,013 shares in the last quarter. Morgan Stanley boosted its holdings in Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund by 6.1% during the first quarter. Morgan Stanley now owns 2,868,214 shares of the closed-end fund’s stock worth $15,087,000 after buying an additional 165,199 shares in the last quarter. Royal Bank of Canada boosted its holdings in Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund by 3.8% during the first quarter. Royal Bank of Canada now owns 59,693 shares of the closed-end fund’s stock worth $314,000 after buying an additional 2,191 shares in the last quarter. Walleye Trading LLC boosted its holdings in Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund by 146.0% during the first quarter. Walleye Trading LLC now owns 46,382 shares of the closed-end fund’s stock worth $244,000 after buying an additional 27,531 shares in the last quarter. Finally, Walleye Capital LLC boosted its holdings in Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund by 173.6% during the first quarter. Walleye Capital LLC now owns 112,006 shares of the closed-end fund’s stock worth $589,000 after buying an additional 71,064 shares in the last quarter.

Shares of Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund stock traded down $0.17 on Friday, hitting $5.80. The company had a trading volume of 1,611 shares, compared to its average volume of 233,158. The business has a 50-day simple moving average of $5.53. Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund has a 52 week low of $4.03 and a 52 week high of $6.02.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 1st. Stockholders of record on Monday, June 14th will be issued a $0.132 dividend. The ex-dividend date is Friday, June 11th. This is a boost from Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund’s previous quarterly dividend of $0.13. This represents a $0.53 annualized dividend and a dividend yield of 9.10%.

About Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund

Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund is a closed-ended equity mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity markets across the globe.

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