Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Short Interest Update

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 62,500 shares, a growth of 81.7% from the May 31st total of 34,400 shares. Based on an average daily volume of 165,400 shares, the days-to-cover ratio is currently 0.4 days.

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

Several large investors have recently modified their holdings of the business. NBC Securities Inc. lifted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 107.8% during the fourth quarter. NBC Securities Inc. now owns 7,325 shares of the closed-end fund’s stock valued at $47,000 after acquiring an additional 3,800 shares during the last quarter. PFG Investments LLC acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 1st quarter valued at $351,000. Easterly Investment Partners LLC lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 11.3% in the first quarter. Easterly Investment Partners LLC now owns 145,231 shares of the closed-end fund’s stock worth $964,000 after buying an additional 14,712 shares in the last quarter. UBS Group AG raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 3.6% in the 3rd quarter. UBS Group AG now owns 336,704 shares of the closed-end fund’s stock valued at $2,054,000 after acquiring an additional 11,807 shares during the last quarter. Finally, AQR Arbitrage LLC lifted its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 213.5% in the 3rd quarter. AQR Arbitrage LLC now owns 478,611 shares of the closed-end fund’s stock worth $2,920,000 after purchasing an additional 325,952 shares in the last quarter.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Up 0.2 %

Shares of EAD stock traded up $0.01 during mid-day trading on Friday, hitting $6.62. The stock had a trading volume of 269,487 shares, compared to its average volume of 171,531. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 12-month low of $5.69 and a 12-month high of $6.81.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, July 11th will be issued a dividend of $0.0521 per share. This represents a $0.63 annualized dividend and a yield of 9.44%. This is a boost from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Thursday, July 11th.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

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.