Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD – Get Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 68,700 shares, a growth of 170.5% from the June 30th total of 25,400 shares. Based on an average daily trading volume, of 154,400 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Investors Weigh In On Wells Fargo Advantage Funds – Allspring Income Opportunities Fund
A number of hedge funds have recently added to or reduced their stakes in the stock. Integrated Capital Management Inc. raised its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 17.9% during the second quarter. Integrated Capital Management Inc. now owns 31,766 shares of the closed-end fund’s stock valued at $210,000 after buying an additional 4,828 shares during the last quarter. Park Avenue Securities LLC raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.4% during the 2nd quarter. Park Avenue Securities LLC now owns 177,451 shares of the closed-end fund’s stock valued at $1,175,000 after acquiring an additional 2,536 shares in the last quarter. City of London Investment Management Co. Ltd. raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 13.7% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 539,918 shares of the closed-end fund’s stock valued at $3,585,000 after acquiring an additional 65,000 shares in the last quarter. Easterly Investment Partners LLC boosted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 11.3% during the 1st quarter. Easterly Investment Partners LLC now owns 145,231 shares of the closed-end fund’s stock worth $964,000 after acquiring an additional 14,712 shares during the period. Finally, PFG Investments LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the first quarter worth $351,000.
Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance
Shares of NYSEAMERICAN:EAD traded up $0.04 on Friday, reaching $6.88. 141,737 shares of the company’s stock were exchanged, compared to its average volume of 169,418. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a fifty-two week low of $5.69 and a fifty-two week high of $6.89.
Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend
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.
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