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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the target of a significant decline in short interest during 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 currently 0.1 days. Based on an average daily trading volume, of 187,104 shares, the short-interest ratio is currently 0.1 days.

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

Hedge funds have recently made changes to their positions in the business. Strategic Advocates LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter valued at $32,000. CoreCap Advisors LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 90.1% in the fourth quarter. CoreCap Advisors LLC now owns 6,330 shares of the closed-end fund’s stock valued at $43,000 after purchasing an additional 3,000 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter worth about $67,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter worth about $101,000. Finally, Allworth Financial LP bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter worth about $116,000.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

Shares of EAD traded up $0.02 during midday trading on Friday, reaching $6.85. The stock had a trading volume of 188,875 shares, compared to its average volume of 175,479. The firm has a 50 day simple moving average of $6.82 and a 200-day simple moving average of $6.93. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a one year low of $5.89 and a one year high of $7.18.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th will be given a dividend of $0.0535 per share. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend is Thursday, February 12th.

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.