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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 78,848 shares, a growth of 318.9% from the July 30th total of 18,823 shares. Based on an average trading volume of 261,159 shares, the days-to-cover ratio is currently 0.3 days.

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

Hedge funds have recently added to or reduced their stakes in the business. Readystate Asset Management LP bought a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 2nd quarter worth approximately $625,000. Royal Bank of Canada boosted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 3.0% in the first quarter. Royal Bank of Canada now owns 72,166 shares of the closed-end fund’s stock valued at $468,000 after acquiring an additional 2,116 shares during the period. Cetera Investment Advisers boosted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 399.9% in the first quarter. Cetera Investment Advisers now owns 77,372 shares of the closed-end fund’s stock valued at $501,000 after acquiring an additional 61,894 shares during the period. Corient Private Wealth LLC bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the fourth quarter valued at approximately $819,000. Finally, Sit Investment Associates Inc. grew its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 23.8% in the fourth quarter. Sit Investment Associates Inc. now owns 1,619,702 shares of the closed-end fund’s stock worth $10,982,000 after acquiring an additional 311,355 shares during the last quarter.

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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund stock traded up $0.02 on Friday, reaching $6.40. 112,975 shares of the stock were exchanged, compared to its average volume of 206,529. 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 firm has a fifty day moving average price of $6.40 and a two-hundred day moving average price of $6.53.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a $0.0531 dividend. The ex-dividend date is Friday, September 11th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%.

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.