Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Short Interest Up 52.6% in March

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 42,514 shares, an increase of 52.6% from the February 26th total of 27,863 shares. Based on an average daily trading volume, of 216,825 shares, the days-to-cover ratio is currently 0.2 days.

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

Several institutional investors have recently modified their holdings of EAD. Northwestern Mutual Wealth Management Co. lifted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 151.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 37,312 shares of the closed-end fund’s stock worth $263,000 after buying an additional 22,465 shares during the last quarter. Invesco Ltd. grew its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 10.8% during the second quarter. Invesco Ltd. now owns 897,364 shares of the closed-end fund’s stock valued at $6,335,000 after acquiring an additional 87,577 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.1% during the second quarter. Guggenheim Capital LLC now owns 996,321 shares of the closed-end fund’s stock worth $7,034,000 after acquiring an additional 57,362 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.9% during the second quarter. NewEdge Advisors LLC now owns 49,820 shares of the closed-end fund’s stock worth $352,000 after acquiring an additional 1,420 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 2nd quarter worth approximately $116,000.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 1.4%

NYSEAMERICAN EAD opened at $6.29 on Friday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 52-week low of $5.89 and a 52-week high of $7.18. The company has a fifty day moving average of $6.75 and a 200-day moving average of $6.84.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be paid a dividend of $0.0534 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a c) annualized dividend and a yield of 10.2%.

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.