Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Short Interest Down 10.0% in October

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 53,100 shares, a drop of 10.0% from the September 30th total of 59,000 shares. Based on an average daily trading volume, of 153,000 shares, the short-interest ratio is currently 0.3 days.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

NYSEAMERICAN:EAD traded up $0.07 during trading hours on Thursday, hitting $6.83. 202,879 shares of the company’s stock traded hands, compared to its average volume of 165,528. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 52 week low of $5.76 and a 52 week high of $7.22.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.0527 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.63 annualized dividend and a yield of 9.26%. This is a positive change from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05.

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

Several hedge funds have recently added to or reduced their stakes in the company. Shaker Financial Services LLC lifted its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 0.6% during the third quarter. Shaker Financial Services LLC now owns 622,241 shares of the closed-end fund’s stock worth $4,469,000 after purchasing an additional 3,429 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth about $94,000. Envestnet Asset Management Inc. lifted its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.8% during the second quarter. Envestnet Asset Management Inc. now owns 338,533 shares of the closed-end fund’s stock worth $2,241,000 after purchasing an additional 24,547 shares during the last quarter. Thoroughbred Financial Services LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the second quarter worth about $72,000. Finally, Choreo LLC purchased a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 2nd quarter worth approximately $150,000.

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.