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 large increase in short interest in the month of November. As of November 30th, there was short interest totalling 52,400 shares, an increase of 103.1% from the November 15th total of 25,800 shares. Based on an average trading volume of 174,700 shares, the days-to-cover ratio is currently 0.3 days.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Up 0.1 %

Shares of NYSEAMERICAN EAD traded up $0.01 during trading hours on Friday, reaching $7.01. 255,647 shares of the stock were exchanged, compared to its average volume of 168,731. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 52 week low of $6.29 and a 52 week high of $7.22.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be given a dividend of $0.0531 per share. 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, December 12th. This represents a $0.64 annualized dividend and a yield of 9.08%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of EAD. Pathstone Holdings LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 54.9% in the third quarter. Pathstone Holdings LLC now owns 1,279,130 shares of the closed-end fund’s stock valued at $9,121,000 after buying an additional 453,308 shares in the last quarter. Shaker Financial Services LLC raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 0.6% in the 3rd quarter. Shaker Financial Services LLC now owns 622,241 shares of the closed-end fund’s stock valued at $4,469,000 after acquiring an additional 3,429 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 338,533 shares of the closed-end fund’s stock valued at $2,241,000 after acquiring an additional 24,547 shares during the period. Choreo LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter worth $150,000. Finally, Avior Wealth Management LLC grew its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 58.4% during the 3rd quarter. Avior Wealth Management LLC now owns 13,495 shares of the closed-end fund’s stock worth $96,000 after purchasing an additional 4,977 shares in the last quarter.

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.