Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Short Interest Up 86.8% in December

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 123,845 shares, a growth of 86.8% from the November 30th total of 66,304 shares. Based on an average daily volume of 189,699 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 189,699 shares, the short-interest ratio is currently 0.7 days.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Up 0.3%

NYSEAMERICAN:EAD traded up $0.02 during mid-day trading on Friday, reaching $6.81. 144,949 shares of the stock were exchanged, compared to its average volume of 172,293. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 1 year low of $5.89 and a 1 year high of $7.18. The company has a 50 day simple moving average of $6.84 and a 200-day simple moving average of $6.96.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be issued a $0.0535 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend is Monday, January 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strategic Advocates LLC acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter worth approximately $32,000. Lido Advisors LLC boosted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 16.3% in the third quarter. Lido Advisors LLC now owns 65,316 shares of the closed-end fund’s stock valued at $461,000 after buying an additional 9,155 shares in the last quarter. Invesco Ltd. grew its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.0% during the third quarter. Invesco Ltd. now owns 951,416 shares of the closed-end fund’s stock worth $6,669,000 after acquiring an additional 54,052 shares during the period. UBS Group AG grew its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.6% during the third quarter. UBS Group AG now owns 369,211 shares of the closed-end fund’s stock worth $2,588,000 after acquiring an additional 9,416 shares during the period. Finally, Adapt Wealth Advisors LLC purchased a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the third quarter worth $759,000.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

The Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSE American: EAD) is a diversified, closed-end management investment company that seeks current income by investing primarily in a broad array of income-producing debt instruments. Originally launched as part of the Wells Fargo Advantage Funds family, the fund is now managed by Allspring Global Investments. It trades on the NYSE American exchange under the ticker symbol EAD and aims to deliver attractive risk-adjusted returns through a disciplined fixed-income strategy.

The fund’s investment portfolio typically includes corporate bonds spanning investment-grade and high-yield issues, U.S.