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

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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

Shares of NYSEAMERICAN:EAD traded up $0.01 during trading on Monday, hitting $6.39. The company had a trading volume of 450,005 shares, compared to its average volume of 207,544. The company has a fifty day simple moving average of $6.41 and a two-hundred day simple moving average of $6.56. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a one year low of $6.24 and a one year high of $7.15.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be given a $0.0533 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 10.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EAD. Royal Bank of Canada grew its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 3.0% during the first quarter. Royal Bank of Canada now owns 72,166 shares of the closed-end fund’s stock valued at $468,000 after buying an additional 2,116 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 399.9% during the 1st quarter. Cetera Investment Advisers now owns 77,372 shares of the closed-end fund’s stock valued at $501,000 after acquiring an additional 61,894 shares during the period. Corient Private Wealth LLC purchased a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter valued at $819,000. Sit Investment Associates Inc. grew its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 23.8% in the 4th quarter. Sit Investment Associates Inc. now owns 1,619,702 shares of the closed-end fund’s stock valued at $10,982,000 after acquiring an additional 311,355 shares during the last quarter. Finally, Invesco Ltd. grew its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.2% in the 4th quarter. Invesco Ltd. now owns 963,243 shares of the closed-end fund’s stock valued at $6,531,000 after acquiring an additional 11,827 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.