Short Interest in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Decreases By 33.3%

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 23,525 shares, a decline of 33.3% from the December 31st total of 35,290 shares. Based on an average daily trading volume, of 187,104 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 187,104 shares, the short-interest ratio is presently 0.1 days.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

Shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund stock traded up $0.02 during trading on Friday, reaching $6.85. 188,875 shares of the company’s stock were exchanged, compared to its average volume of 175,479. 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 firm’s 50-day moving average price is $6.82 and its 200 day moving average price is $6.93.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be paid 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 Thursday, February 12th.

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. Wealth Enhancement Advisory Services LLC grew its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 326.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 55,379 shares of the closed-end fund’s stock worth $394,000 after buying an additional 42,404 shares in the last quarter. PFG Investments LLC raised its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 36.7% in the second quarter. PFG Investments LLC now owns 59,219 shares of the closed-end fund’s stock valued at $418,000 after buying an additional 15,885 shares during the period. Luken Investment Analytics LLC raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 216.3% in the 2nd quarter. Luken Investment Analytics LLC now owns 132,968 shares of the closed-end fund’s stock valued at $939,000 after acquiring an additional 90,929 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.6% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 58,690 shares of the closed-end fund’s stock valued at $414,000 after buying an additional 1,500 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 300,980 shares of the closed-end fund’s stock valued at $2,125,000 after acquiring an additional 8,548 shares during the period.

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.