Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Short Interest Up 92.2% in September

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 44,600 shares, a growth of 92.2% from the September 15th total of 23,200 shares. Based on an average daily trading volume, of 172,900 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 172,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EAD. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 1st quarter valued at $89,000. Avior Wealth Management LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 34.5% during the 1st quarter. Avior Wealth Management LLC now owns 18,892 shares of the closed-end fund’s stock valued at $129,000 after acquiring an additional 4,849 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 4.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 292,432 shares of the closed-end fund’s stock valued at $2,000,000 after acquiring an additional 11,421 shares during the last quarter. Accredited Investor Services LLC bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 1st quarter valued at $160,000. Finally, Easterly Investment Partners LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.7% during the 1st quarter. Easterly Investment Partners LLC now owns 158,861 shares of the closed-end fund’s stock valued at $1,087,000 after acquiring an additional 10,000 shares during the last quarter.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

EAD stock opened at $6.88 on Thursday. The company has a 50 day moving average price of $7.02 and a 200 day moving average price of $6.90. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a fifty-two week low of $5.89 and a fifty-two week high of $7.18.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Tuesday, October 14th will be given a $0.0536 dividend. This is a boost from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. The ex-dividend date is Tuesday, October 14th. This represents a c) annualized dividend and a yield of 9.3%.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

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.