Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Short Interest Update

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 123,845 shares, a growth of 86.8% from the November 30th total of 66,304 shares. Based on an average daily volume of 189,699 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 189,699 shares, the short-interest ratio is presently 0.7 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of EAD. Strategic Advocates LLC acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter valued at about $32,000. Wolverine Asset Management LLC bought a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter valued at about $67,000. Oppenheimer & Co. Inc. acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter valued at approximately $101,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 285.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 14,847 shares of the closed-end fund’s stock worth $102,000 after acquiring an additional 11,000 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 549.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 15,103 shares of the closed-end fund’s stock worth $103,000 after purchasing an additional 12,779 shares in the last quarter.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

EAD traded down $0.02 during midday trading on Monday, reaching $6.79. The company’s stock had a trading volume of 227,728 shares, compared to its average volume of 172,516. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a twelve month low of $5.89 and a twelve month high of $7.18. The company has a fifty day simple moving average of $6.84 and a 200 day simple moving average of $6.96.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be paid a dividend of $0.0535 per share. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date is Monday, January 12th.

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.