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) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 44,850 shares, a decline of 49.4% from the May 31st total of 88,589 shares. Based on an average trading volume of 96,162 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EOD. Kestra Advisory Services LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the 4th quarter valued at about $35,000. OpenArc Corporate Advisory LLC purchased a new position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the fourth quarter worth approximately $63,000. Captrust Financial Advisors grew 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 period. Kovack Advisors Inc. increased its position in shares of 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 buying an additional 3,080 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the 3rd quarter worth approximately $81,000.

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

Shares of NYSE EOD traded down $0.10 during midday trading on Thursday, reaching $6.50. 141,322 shares of the stock were exchanged, compared to its average volume of 119,093. The firm has a 50-day simple moving average of $6.46 and a two-hundred day simple moving average of $6.16. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a twelve month low of $5.41 and a twelve month high of $6.74.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Thursday, June 11th were given a dividend of $0.1421 per share. This is a boost from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a yield of 8.7%. The ex-dividend date was Thursday, June 11th.

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.