Short Interest in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Rises By 170.5%

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 68,700 shares, an increase of 170.5% from the June 30th total of 25,400 shares. Based on an average daily volume of 154,400 shares, the days-to-cover ratio is presently 0.4 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NBC Securities Inc. grew 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. Integrated Capital Management Inc. boosted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 17.9% in the 2nd quarter. Integrated Capital Management Inc. now owns 31,766 shares of the closed-end fund’s stock valued at $210,000 after purchasing an additional 4,828 shares in the last quarter. PFG Investments LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 1st quarter valued at $351,000. Easterly Investment Partners LLC raised its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 11.3% in the 1st quarter. Easterly Investment Partners LLC now owns 145,231 shares of the closed-end fund’s stock worth $964,000 after purchasing an additional 14,712 shares during the period. Finally, Park Avenue Securities LLC increased its holdings 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 purchasing an additional 2,536 shares during the period.

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

Shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund stock traded up $0.04 during trading on Friday, hitting $6.88. The stock had a trading volume of 141,737 shares, compared to its average volume of 169,418. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 12 month low of $5.69 and a 12 month high of $6.89.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

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