Short Interest in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Drops By 37.7%

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 28,580 shares, a decline of 37.7% from the June 15th total of 45,880 shares. Based on an average daily trading volume, of 350,913 shares, the days-to-cover ratio is currently 0.1 days.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 0.6%

Shares of NYSEAMERICAN EAD traded down $0.04 during trading on Friday, reaching $6.37. 347,172 shares of the stock traded hands, compared to its average volume of 191,389. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 52-week low of $6.24 and a 52-week high of $7.15. The company has a 50-day moving average of $6.47 and a 200-day moving average of $6.63.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a $0.0534 dividend. This represents a c) dividend on an annualized basis and a yield of 10.1%. The ex-dividend date is Friday, July 10th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its holdings 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 purchasing an additional 1,420 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 14.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 16,457 shares of the closed-end fund’s stock valued at $112,000 after purchasing an additional 2,113 shares in the last quarter. Royal Bank of Canada raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 3.0% in the first quarter. Royal Bank of Canada now owns 72,166 shares of the closed-end fund’s stock valued at $468,000 after purchasing an additional 2,116 shares in the last quarter. Luken Investment Analytics LLC lifted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.6% during the fourth quarter. Luken Investment Analytics LLC now owns 141,478 shares of the closed-end fund’s stock valued at $959,000 after purchasing an additional 2,244 shares during the last quarter. Finally, Mariner LLC lifted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 14.3% during the fourth quarter. Mariner LLC now owns 20,496 shares of the closed-end fund’s stock valued at $139,000 after purchasing an additional 2,568 shares during the last quarter.

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.