Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Sees Large Decline in Short Interest

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 18,600 shares, a drop of 78.9% from the January 31st total of 88,000 shares. Based on an average daily volume of 159,900 shares, the short-interest ratio is presently 0.1 days.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

Shares of EAD stock traded down $0.05 on Thursday, reaching $6.97. The company had a trading volume of 158,391 shares, compared to its average volume of 167,009. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a one year low of $6.29 and a one year high of $7.22.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Dividend Announcement

The business also recently announced a — dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.0535 per share. The ex-dividend date is Thursday, March 13th. This represents a dividend yield of 9%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Easterly Investment Partners LLC lifted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.5% during the fourth quarter. Easterly Investment Partners LLC now owns 148,861 shares of the closed-end fund’s stock worth $1,026,000 after purchasing an additional 3,630 shares during the period. VSM Wealth Advisory LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the fourth quarter worth about $57,000. Rareview Capital LLC boosted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 9.7% in the fourth quarter. Rareview Capital LLC now owns 240,882 shares of the closed-end fund’s stock valued at $1,717,000 after acquiring an additional 21,258 shares during the last quarter. Siligmueller & Norvid Wealth Advisors LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the fourth quarter valued at approximately $91,000. Finally, Principal Securities Inc. raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.9% during the 4th quarter. Principal Securities Inc. now owns 156,000 shares of the closed-end fund’s stock worth $1,075,000 after purchasing an additional 4,429 shares during the last quarter.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Wells Capital Management Incorporated. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody's Investors Service, Inc or BB or lower by Standard & Poor's Ratings Group.