Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Short Interest Down 35.1% in April

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 35,000 shares, a decline of 35.1% from the March 31st total of 53,900 shares. Based on an average daily volume of 199,100 shares, the short-interest ratio is currently 0.2 days.

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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund stock opened at $6.75 on Friday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a one year low of $5.89 and a one year high of $7.22. The stock has a fifty day moving average of $6.71 and a 200 day moving average of $6.78.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a $0.0536 dividend. This is an increase from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.52%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. increased its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 62.5% in the 4th quarter. Sit Investment Associates Inc. now owns 1,251,181 shares of the closed-end fund’s stock worth $8,621,000 after acquiring an additional 481,101 shares in the last quarter. Pathstone Holdings LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 17.6% during the 4th quarter. Pathstone Holdings LLC now owns 1,504,521 shares of the closed-end fund’s stock valued at $10,361,000 after purchasing an additional 225,391 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 23.8% during the 4th quarter. Guggenheim Capital LLC now owns 859,463 shares of the closed-end fund’s stock valued at $5,922,000 after buying an additional 165,118 shares in the last quarter. Raymond James Financial Inc. bought a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter worth $506,000. Finally, Invesco Ltd. boosted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 4.9% in the 4th quarter. Invesco Ltd. now owns 784,111 shares of the closed-end fund’s stock worth $5,403,000 after buying an additional 36,335 shares during the period.

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.