Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) Short Interest Down 60.0% in August

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 23,067 shares, a drop of 60.0% from the August 15th total of 57,688 shares. Based on an average trading volume of 74,380 shares, the short-interest ratio is presently 0.3 days.

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

NYSE EOD traded down $0.05 during mid-day trading on Monday, reaching $6.38. The stock had a trading volume of 93,891 shares, compared to its average volume of 111,395. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a 1 year low of $5.51 and a 1 year high of $6.74. The company has a fifty day moving average price of $6.58 and a 200 day moving average price of $6.38.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be issued a $0.1482 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend is Friday, September 11th. This is a positive change from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Harbour Wealth Management Group Inc. purchased a new stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the fourth quarter valued at $117,000. Ameritas Advisory Services LLC raised its position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 42.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 18,570 shares of the closed-end fund’s stock worth $121,000 after buying an additional 5,570 shares during the last quarter. Concorde Asset Management LLC bought a new position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the 2nd quarter valued at about $132,000. PNC Financial Services Group Inc. lifted its stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 6.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 25,150 shares of the closed-end fund’s stock valued at $147,000 after acquiring an additional 1,600 shares during the period. Finally, Kane Investment Management Inc. lifted its stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 101.2% during the 4th quarter. Kane Investment Management Inc. now owns 34,099 shares of the closed-end fund’s stock valued at $199,000 after acquiring an additional 17,149 shares during the period.

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.