Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) Short Interest Up 159.1% in April

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 157,717 shares, a growth of 159.1% from the March 31st total of 60,874 shares. Based on an average trading volume of 149,257 shares, the short-interest ratio is presently 1.1 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the 4th quarter valued at about $35,000. Kovack Advisors Inc. bought a new stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the 3rd quarter valued at about $62,000. OpenArc Corporate Advisory LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund in the 4th quarter valued at about $63,000. Captrust Financial Advisors increased its position in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 22.8% during the second quarter. Captrust Financial Advisors now owns 12,275 shares of the closed-end fund’s stock valued at $66,000 after buying an additional 2,275 shares during the period. Finally, Vise Technologies Inc. bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the third quarter valued at about $81,000.

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

Shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund stock opened at $6.28 on Tuesday. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund has a 52-week low of $4.92 and a 52-week high of $6.45. The stock’s 50-day simple moving average is $6.07 and its 200 day simple moving average is $5.94.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Thursday, March 12th were paid a $0.1364 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.55 dividend on an annualized basis and a yield of 8.7%. This is an increase from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.13.

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.