Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund (NYSE:EOD) Short Interest Down 64.7% in March


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Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund (NYSE:EOD) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 40,400 shares, a drop of 64.7% from the March 15th total of 114,500 shares. Based on an average daily volume of 224,400 shares, the days-to-cover ratio is presently 0.2 days.

Shares of NYSE:EOD traded up $0.01 during midday trading on Wednesday, reaching $5.43. 265,962 shares of the company were exchanged, compared to its average volume of 228,939. Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund has a fifty-two week low of $3.84 and a fifty-two week high of $5.46. The stock has a fifty day simple moving average of $5.25 and a two-hundred day simple moving average of $4.86.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Friday, March 12th were issued a dividend of $0.127 per share. The ex-dividend date of this dividend was Thursday, March 11th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 9.36%.

In other news, Portfolio Manager Christopher M. Lee purchased 5,000 shares of Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund stock in a transaction dated Monday, March 29th. The shares were bought at an average cost of $5.19 per share, with a total value of $25,950.00. Following the completion of the transaction, the portfolio manager now directly owns 15,000 shares in the company, valued at approximately $77,850. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Portfolio Manager Christopher M. Lee acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 2nd. The shares were bought at an average price of $5.33 per share, for a total transaction of $53,300.00.

Several large investors have recently modified their holdings of the stock. RMB Capital Management LLC raised its holdings in shares of Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund by 5.6% during the fourth quarter. RMB Capital Management LLC now owns 124,717 shares of the closed-end fund’s stock worth $605,000 after acquiring an additional 6,655 shares during the period. Mid Atlantic Financial Management Inc. ADV increased its stake in Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund by 18.6% in the 4th quarter. Mid Atlantic Financial Management Inc. ADV now owns 53,000 shares of the closed-end fund’s stock valued at $257,000 after buying an additional 8,300 shares during the last quarter. Wagner Wealth Management LLC acquired a new stake in Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund in the 4th quarter valued at $68,000. Landscape Capital Management L.L.C. increased its stake in Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund by 37.3% in the 4th quarter. Landscape Capital Management L.L.C. now owns 52,480 shares of the closed-end fund’s stock valued at $255,000 after buying an additional 14,261 shares during the last quarter. Finally, Wetherby Asset Management Inc. acquired a new stake in Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund in the 3rd quarter valued at $62,000.

Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund Company Profile

Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund is a closed-ended equity mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity markets across the globe.

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