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 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

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Thursday, July 11th will be given a dividend of $0.0521 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.63 dividend on an annualized basis and a yield of 9.09%. This is a positive change from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05.

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.