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

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) was the recipient of a large 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 volume of 130,767 shares, the short-interest ratio is currently 1.0 days.

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

Shares of NYSE EOD remained flat at $6.25 during trading on Thursday. The stock had a trading volume of 45,038 shares, compared to its average volume of 111,255. The stock has a fifty day moving average price of $6.45 and a 200-day moving average price of $6.33. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a twelve month low of $5.51 and a twelve month high of $6.74.

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. Investors of record on Friday, September 11th were paid a dividend of $0.1482 per share. This represents a $0.59 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend was Friday, September 11th. This is an increase from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.1421.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 4.7% in the first quarter. Bank of America Corp DE now owns 746,373 shares of the closed-end fund’s stock valued at $4,351,000 after purchasing an additional 33,725 shares during the period. Paller Financial Services Inc increased its stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 5.2% during the third 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. Shaker Financial Services LLC raised its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 582.0% in the third quarter. Shaker Financial Services LLC now owns 255,731 shares of the closed-end fund’s stock valued at $1,675,000 after acquiring an additional 218,236 shares in the last quarter. Cetera Investment Advisers raised its holdings 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 acquiring an additional 16,333 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 6.8% in the first quarter. PNC Financial Services Group Inc. now owns 25,150 shares of the closed-end fund’s stock worth $147,000 after acquiring an additional 1,600 shares during the last quarter.

About Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund

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.