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 significant increase in short interest in January. As of January 15th, there was short interest totalling 87,700 shares, an increase of 477.0% from the December 31st total of 15,200 shares. Based on an average daily trading volume, of 132,300 shares, the short-interest ratio is presently 0.7 days.

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

Shares of EOD traded up $0.05 during mid-day trading on Tuesday, hitting $5.00. 158,188 shares of the company traded hands, compared to its average volume of 206,005. The business has a 50-day moving average of $4.94 and a 200 day moving average of $4.91. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a one year low of $4.33 and a one year high of $5.11.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th were paid a $0.1204 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.48 dividend on an annualized basis and a yield of 9.64%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EOD. Dakota Wealth Management bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the third quarter worth $51,000. Catalina Capital Group LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the 4th quarter valued at $60,000. Centaurus Financial Inc. acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the 2nd quarter worth about $107,000. Pathstone Holdings LLC grew its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 173.8% in the 3rd quarter. Pathstone Holdings LLC now owns 284,566 shares of the closed-end fund’s stock valued at $1,426,000 after acquiring an additional 180,633 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 21.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,490,561 shares of the closed-end fund’s stock valued at $7,468,000 after acquiring an additional 266,192 shares in 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-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.