Short Interest in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Expands By 139.3%

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 50,543 shares, an increase of 139.3% from the January 29th total of 21,123 shares. Based on an average trading volume of 177,853 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 177,853 shares, the days-to-cover ratio is currently 0.3 days.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Down 0.1%

NYSEAMERICAN:EAD traded down $0.01 on Friday, hitting $6.83. 103,488 shares of the company’s stock traded hands, compared to its average volume of 160,938. The firm has a 50-day moving average price of $6.83 and a 200-day moving average price of $6.90. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 1 year low of $5.89 and a 1 year high of $7.18.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be given a $0.0535 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. grew its position 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 valued at $10,982,000 after purchasing an additional 311,355 shares during the last quarter. Invesco Ltd. boosted its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.2% during the 4th quarter. Invesco Ltd. now owns 963,243 shares of the closed-end fund’s stock valued at $6,531,000 after purchasing an additional 11,827 shares during the period. Corient Private Wealth LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter valued at approximately $819,000. Readystate Asset Management LP increased its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 35.9% in the 4th quarter. Readystate Asset Management LP now owns 87,559 shares of the closed-end fund’s stock worth $594,000 after buying an additional 23,115 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.4% during the fourth quarter. Guggenheim Capital LLC now owns 1,043,674 shares of the closed-end fund’s stock worth $7,076,000 after buying an additional 62,895 shares during the last quarter.

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.