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

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) was the target of a significant 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.

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

EOD traded up $0.06 during trading hours on Wednesday, reaching $6.59. 222,454 shares of the stock traded hands, compared to its average volume of 118,914. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a fifty-two week low of $5.36 and a fifty-two week high of $6.74. The firm’s fifty day simple moving average is $6.46 and its two-hundred day simple moving average is $6.16.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be given a dividend of $0.1421 per share. The ex-dividend date of this dividend 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 8.6%.

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

A number of hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers increased its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 13.3% during the 2nd quarter. Cetera Investment Advisers now owns 55,428 shares of the closed-end fund’s stock worth $299,000 after purchasing an additional 6,519 shares during the last quarter. Invesco Ltd. grew its position in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 5.3% during the second quarter. Invesco Ltd. now owns 695,819 shares of the closed-end fund’s stock worth $3,750,000 after buying an additional 35,174 shares in the last quarter. Karpus Management Inc. increased its stake 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 worth $4,207,000 after buying an additional 2,168 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 22.2% in the second quarter. Raymond James Financial Inc. now owns 787,542 shares of the closed-end fund’s stock worth $4,245,000 after buying an additional 143,209 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the second quarter valued at $116,000.

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.