Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Sees Large Growth in Short Interest

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 82,965 shares, an increase of 65.1% from the March 31st total of 50,250 shares. Based on an average trading volume of 236,485 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

A number of institutional investors and hedge funds have recently made changes to their positions in EAD. Invesco Ltd. grew its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 10.8% in the 2nd quarter. Invesco Ltd. now owns 897,364 shares of the closed-end fund’s stock worth $6,335,000 after buying an additional 87,577 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.9% in the 2nd quarter. NewEdge Advisors LLC now owns 49,820 shares of the closed-end fund’s stock worth $352,000 after buying an additional 1,420 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 2nd quarter worth $116,000. Ameriprise Financial Inc. grew its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 8.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 53,100 shares of the closed-end fund’s stock worth $375,000 after buying an additional 4,076 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.6% in the 2nd quarter. Osaic Holdings Inc. now owns 96,475 shares of the closed-end fund’s stock worth $681,000 after buying an additional 6,846 shares in the last quarter.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

NYSEAMERICAN EAD traded up $0.03 on Monday, reaching $6.62. The company had a trading volume of 83,634 shares, compared to its average volume of 176,963. The firm’s 50 day moving average price is $6.64 and its 200 day moving average price is $6.77. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 12 month low of $6.24 and a 12 month high of $7.18.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be paid a $0.0533 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend is Monday, May 11th.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

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.