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 decline in short interest in the month of October. As of October 15th, there was short interest totalling 53,100 shares, a decline of 10.0% from the September 30th total of 59,000 shares. Based on an average daily trading volume, of 153,000 shares, the days-to-cover ratio is currently 0.3 days.

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

A number of hedge funds have recently modified their holdings of EAD. Thoroughbred Financial Services LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter worth about $72,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth approximately $94,000. Choreo LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the second quarter valued at approximately $150,000. Integrated Capital Management Inc. boosted its holdings 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 worth $210,000 after acquiring an additional 4,828 shares in the last quarter. Finally, Easterly Investment Partners LLC boosted its holdings in shares of 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 acquiring an additional 14,712 shares in the last quarter.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Up 1.0 %

NYSEAMERICAN EAD opened at $6.83 on Friday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a twelve month low of $5.76 and a twelve month high of $7.22.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

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

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.