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 large increase in short interest during the month of March. As of March 13th, there was short interest totaling 128,692 shares, an increase of 149.2% from the February 26th total of 51,648 shares. Based on an average daily trading volume, of 102,263 shares, the days-to-cover ratio is currently 1.3 days.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Trading Down 2.5%

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund stock traded down $0.15 during midday trading on Friday, reaching $5.57. The company’s stock had a trading volume of 120,870 shares, compared to its average volume of 129,049. The stock’s 50-day simple moving average is $6.03 and its 200-day simple moving average is $5.87. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a 52-week low of $4.24 and a 52-week high of $6.30.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be given a $0.1364 dividend. This represents a $0.55 annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend is Thursday, March 12th. This is an increase from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 7.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 82,451 shares of the closed-end fund’s stock worth $444,000 after buying an additional 5,569 shares during the last quarter. Cetera Investment Advisers lifted its stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 13.3% during the 2nd quarter. Cetera Investment Advisers now owns 55,428 shares of the closed-end fund’s stock valued at $299,000 after acquiring an additional 6,519 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 11.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,386,322 shares of the closed-end fund’s stock valued at $12,862,000 after acquiring an additional 244,215 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the second quarter worth $58,000. Finally, Invesco Ltd. increased its stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 5.3% in the second quarter. Invesco Ltd. now owns 695,819 shares of the closed-end fund’s stock worth $3,750,000 after acquiring an additional 35,174 shares during the period.

About Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund

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.