Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) Shares Shorted: Short Interest Up 491.3% in October

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 127,814 shares, a growth of 491.3% from the September 30th total of 21,616 shares. Based on an average daily trading volume, of 130,767 shares, the days-to-cover ratio is currently 1.0 days.

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

EOD traded up $0.01 during midday trading on Tuesday, reaching $6.23. 57,324 shares of the company were exchanged, compared to its average volume of 111,443. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a one year low of $5.51 and a one year high of $6.74. The stock’s 50-day simple moving average is $6.47 and its 200 day simple moving average is $6.33.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 11th were paid a $0.1482 dividend. The ex-dividend date of this dividend was Friday, September 11th. This is a positive change from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.1421. This represents a $0.59 dividend on an annualized basis and a yield of 9.5%.

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

Institutional investors have recently modified their holdings of the business. Shaker Financial Services LLC grew its position in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 582.0% in the 3rd quarter. Shaker Financial Services LLC now owns 255,731 shares of the closed-end fund’s stock valued at $1,675,000 after purchasing an additional 218,236 shares during the period. Bank of America Corp DE raised its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 4.7% during the 1st quarter. Bank of America Corp DE now owns 746,373 shares of the closed-end fund’s stock worth $4,351,000 after buying an additional 33,725 shares during the period. Paller Financial Services Inc raised its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 5.2% during the 3rd quarter. Paller Financial Services Inc now owns 453,794 shares of the closed-end fund’s stock worth $2,904,000 after buying an additional 22,241 shares during the period. Concorde Asset Management LLC bought a new position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the second quarter valued at approximately $132,000. Finally, Cetera Investment Advisers lifted its stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 22.1% in the first quarter. Cetera Investment Advisers now owns 90,144 shares of the closed-end fund’s stock valued at $526,000 after buying an additional 16,333 shares in the last quarter.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Company Profile

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund is a closed-end investment fund traded on the New York Stock Exchange under the symbol EOD. The fund seeks to provide investors with high current income and long-term total return by investing in a diversified portfolio of global dividend-paying securities.

The fund primarily invests in equity securities issued by companies located in the United States and other countries. Its portfolio may include common stocks, preferred stocks and other income-oriented securities, with an emphasis on companies that pay dividends or otherwise offer the potential for income and capital appreciation.