Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) Short Interest Down 29.7% in December

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 26,702 shares, a decrease of 29.7% from the December 15th total of 37,962 shares. Based on an average daily volume of 157,741 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 157,741 shares, the days-to-cover ratio is currently 0.2 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Karpus Management Inc. increased its position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 0.3% in the 2nd quarter. Karpus Management Inc. now owns 780,541 shares of the closed-end fund’s stock valued at $4,207,000 after acquiring an additional 2,168 shares during the period. Captrust Financial Advisors grew 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 in the last quarter. Kane Investment Management Inc. increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 33.2% during the third quarter. Kane Investment Management Inc. now owns 16,950 shares of the closed-end fund’s stock valued at $97,000 after purchasing an additional 4,225 shares during the period. NWF Advisory Services Inc. increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 2.3% during the third quarter. NWF Advisory Services Inc. now owns 203,400 shares of the closed-end fund’s stock valued at $1,159,000 after purchasing an additional 4,600 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 7.2% during the second quarter. Envestnet Asset Management Inc. now owns 82,451 shares of the closed-end fund’s stock valued at $444,000 after purchasing an additional 5,569 shares in the last quarter.

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

EOD stock traded down $0.01 during mid-day trading on Monday, reaching $5.99. The company had a trading volume of 106,460 shares, compared to its average volume of 165,933. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a one year low of $4.24 and a one year high of $6.02. The stock’s 50-day simple moving average is $5.85 and its two-hundred day simple moving average is $5.72.

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

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th were paid a $0.1315 dividend. The ex-dividend date was Thursday, December 11th. This is an increase from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.13. This represents a $0.53 annualized dividend and a dividend yield of 8.8%.

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.