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) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 23,067 shares, a decline of 60.0% from the August 15th total of 57,688 shares. Based on an average trading volume of 74,380 shares, the days-to-cover ratio is presently 0.3 days.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Stock Down 2.1%

Shares of EOD opened at $6.43 on Friday. 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 business’s 50 day simple moving average is $6.58 and its 200-day simple moving average is $6.38.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a $0.1482 dividend. This is a boost from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.14. This represents a $0.59 annualized dividend and a yield of 9.2%. The ex-dividend date is Friday, September 11th.

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

Several institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 42.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 18,570 shares of the closed-end fund’s stock valued at $121,000 after buying an additional 5,570 shares in the last quarter. Bank of America Corp DE grew its position 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 worth $4,351,000 after acquiring an additional 33,725 shares in the last quarter. Kovack Advisors Inc. grew its position 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 worth $81,000 after acquiring an additional 3,080 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the fourth quarter worth about $35,000. Finally, OpenArc Corporate Advisory LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the fourth quarter worth approximately $63,000.

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.