Short Interest in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Decreases By 37.7%

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 28,580 shares, a decrease of 37.7% from the June 15th total of 45,880 shares. Based on an average daily trading volume, of 350,913 shares, the short-interest ratio is presently 0.1 days.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

EAD stock opened at $6.39 on Friday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a twelve month low of $6.24 and a twelve month high of $7.15. The business’s fifty day moving average is $6.48 and its 200-day moving average is $6.63.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a $0.0534 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a c) annualized dividend and a yield of 10.0%.

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

Several institutional investors have recently modified their holdings of EAD. Strategic Advocates LLC acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter valued at $32,000. CoreCap Advisors LLC lifted its position in shares of 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 valued at $43,000 after buying an additional 3,000 shares during the last quarter. Rothschild Wealth LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter worth approximately $90,000. Oppenheimer & Co. Inc. boosted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 14.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 16,457 shares of the closed-end fund’s stock worth $112,000 after purchasing an additional 2,113 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the fourth quarter valued at $113,000.

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.