Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Short Interest Down 44.9% in February

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 27,863 shares, a decline of 44.9% from the February 12th total of 50,543 shares. Based on an average trading volume of 109,956 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 109,956 shares, the short-interest ratio is presently 0.3 days.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

Shares of EAD stock traded down $0.11 during trading hours on Thursday, reaching $6.57. The company had a trading volume of 328,104 shares, compared to its average volume of 170,015. 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 moving average of $6.82 and a 200 day moving average of $6.88.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.0535 per share. The ex-dividend date is Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 9.8%.

Institutional Trading of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Strategic Advocates LLC bought a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter worth approximately $32,000. CoreCap Advisors LLC raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 90.1% in the fourth quarter. CoreCap Advisors LLC now owns 6,330 shares of the closed-end fund’s stock worth $43,000 after purchasing an additional 3,000 shares during the period. Wolverine Asset Management LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth $67,000. Rothschild Wealth LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the fourth quarter worth $90,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter valued at $101,000.

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.