Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) Short Interest Update

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 60,874 shares, a decline of 52.7% from the March 15th total of 128,692 shares. Based on an average daily trading volume, of 102,069 shares, the days-to-cover ratio is presently 0.6 days.

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

NYSE:EOD traded up $0.06 during mid-day trading on Monday, hitting $6.32. The company’s stock had a trading volume of 97,486 shares, compared to its average volume of 131,962. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a 1 year low of $4.59 and a 1 year high of $6.33. The business’s fifty day moving average is $6.02 and its two-hundred day moving average is $5.89.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th were issued a $0.1364 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.13. This represents a $0.55 annualized dividend and a yield of 8.6%.

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

Several hedge funds have recently added to or reduced their stakes in the business. Karpus Management Inc. boosted its holdings in 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 valued at $4,207,000 after purchasing an additional 2,168 shares during the last quarter. Captrust Financial Advisors boosted its holdings in 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 valued at $66,000 after purchasing an additional 2,275 shares during the last quarter. Kovack Advisors Inc. boosted its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 28.3% in 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 during the last quarter. Kane Investment Management Inc. boosted its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 33.2% in 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 last quarter. Finally, NWF Advisory Services Inc. boosted its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 2.3% in 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 last quarter.

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.