Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Short Interest Up 103.1% in November

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 52,400 shares, a growth of 103.1% from the November 15th total of 25,800 shares. Based on an average daily volume of 174,700 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EAD. Jane Street Group LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the third quarter valued at about $73,000. Avior Wealth Management LLC grew its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 58.4% in the 3rd quarter. Avior Wealth Management LLC now owns 13,495 shares of the closed-end fund’s stock worth $96,000 after acquiring an additional 4,977 shares in the last quarter. Pathstone Holdings LLC increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 54.9% in the 3rd quarter. Pathstone Holdings LLC now owns 1,279,130 shares of the closed-end fund’s stock valued at $9,121,000 after acquiring an additional 453,308 shares during the last quarter. Shaker Financial Services LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 0.6% during 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. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth $94,000.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

Shares of EAD stock traded down $0.01 during mid-day trading on Thursday, reaching $7.00. 196,894 shares of the company were exchanged, compared to its average volume of 168,369. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a fifty-two week low of $6.29 and a fifty-two week 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 Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.0531 per share. This is a positive change from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. This represents a $0.64 annualized dividend and a yield of 9.10%. The ex-dividend date of this dividend is Thursday, December 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.