Short Interest in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Drops By 46.1%

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 18,823 shares, a decline of 46.1% from the July 15th total of 34,937 shares. Based on an average daily trading volume, of 329,953 shares, the short-interest ratio is presently 0.1 days.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 0.5%

NYSEAMERICAN EAD opened at $6.36 on Wednesday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 1-year low of $6.24 and a 1-year high of $7.15. The company has a 50 day moving average of $6.40 and a 200-day moving average of $6.55.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a dividend of $0.0531 per share. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Friday, September 11th.

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

Several institutional investors have recently bought and sold shares of EAD. Invesco Ltd. grew its holdings in shares of 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 worth $6,335,000 after purchasing an additional 87,577 shares during the last quarter. NewEdge Advisors LLC lifted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.9% during the 2nd quarter. NewEdge Advisors LLC now owns 49,820 shares of the closed-end fund’s stock worth $352,000 after buying an additional 1,420 shares in the last quarter. Jane Street Group LLC acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter worth about $116,000. Ameriprise Financial Inc. grew its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 8.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 53,100 shares of the closed-end fund’s stock worth $375,000 after acquiring an additional 4,076 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.6% during the 2nd quarter. Osaic Holdings Inc. now owns 96,475 shares of the closed-end fund’s stock worth $681,000 after acquiring an additional 6,846 shares during the last quarter.

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.