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 target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 42,514 shares, a growth of 52.6% from the February 26th total of 27,863 shares. Based on an average trading volume of 216,825 shares, the short-interest ratio is currently 0.2 days.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

NYSEAMERICAN EAD opened at $6.29 on Monday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 12 month low of $5.89 and a 12 month high of $7.18. The company’s 50 day simple moving average is $6.75 and its 200 day simple moving average is $6.83.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be given a dividend of $0.0534 per share. The ex-dividend date is Friday, April 10th. This represents a c) annualized dividend and a dividend yield of 10.2%.

Institutional Trading of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

A number of hedge funds and other institutional investors have recently modified their holdings of EAD. Corient Private Wealth LLC bought a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the fourth quarter valued at about $819,000. Sit Investment Associates Inc. raised its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 23.8% in the fourth quarter. Sit Investment Associates Inc. now owns 1,619,702 shares of the closed-end fund’s stock worth $10,982,000 after acquiring an additional 311,355 shares in the last quarter. Invesco Ltd. raised its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.2% in the fourth quarter. Invesco Ltd. now owns 963,243 shares of the closed-end fund’s stock worth $6,531,000 after acquiring an additional 11,827 shares in the last quarter. Readystate Asset Management LP lifted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 35.9% in the 4th quarter. Readystate Asset Management LP now owns 87,559 shares of the closed-end fund’s stock valued at $594,000 after acquiring an additional 23,115 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.4% in the 4th quarter. Guggenheim Capital LLC now owns 1,043,674 shares of the closed-end fund’s stock valued at $7,076,000 after acquiring an additional 62,895 shares during the last quarter.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

The Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSE American: EAD) is a diversified, closed-end management investment company that seeks current income by investing primarily in a broad array of income-producing debt instruments. Originally launched as part of the Wells Fargo Advantage Funds family, the fund is now managed by Allspring Global Investments. It trades on the NYSE American exchange under the ticker symbol EAD and aims to deliver attractive risk-adjusted returns through a disciplined fixed-income strategy.

The fund’s investment portfolio typically includes corporate bonds spanning investment-grade and high-yield issues, U.S.