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Sell The Wells Fargo Global Dividend Opportunity Fund (EOD)

Could somebody please tell me how one of the worst performing global equity CEFs can rise to a YTD high? What are investors thinking? Not too many CEFs which started with a $19.06 NAV back in 2007 have decimated their NAVs down as low as $8.30. If that doesn't tell you how bad a fund this is, I don't know what would.

EOD uses a dividend capture strategy as well as a covered call option strategy to generate income. A dividend capture strategy I've already shown as being the WORST income strategy any CEF can use. One only has to look at AOD and AGD to see what a dividend capture does to a fund's NAV.

Sell EOD at $8.14. Could be close to a premium after today if the markets hold their losses. Goes ex-div June 13th.

Disclosure: I am short EOD.