Short Interest in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Decreases By 71.5%

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 35,290 shares, a drop of 71.5% from the December 15th total of 123,845 shares. Based on an average daily volume of 232,154 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 232,154 shares, the short-interest ratio is presently 0.2 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Guggenheim Capital LLC boosted its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.1% in the 2nd quarter. Guggenheim Capital LLC now owns 996,321 shares of the closed-end fund’s stock worth $7,034,000 after buying an additional 57,362 shares during the last quarter. Invesco Ltd. increased its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.0% during the third quarter. Invesco Ltd. now owns 951,416 shares of the closed-end fund’s stock worth $6,669,000 after acquiring an additional 54,052 shares during the last quarter. Shaker Financial Services LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 4.3% in the 2nd quarter. Shaker Financial Services LLC now owns 587,142 shares of the closed-end fund’s stock valued at $4,177,000 after purchasing an additional 24,002 shares in the last quarter. UBS Group AG raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.6% in the third quarter. UBS Group AG now owns 369,211 shares of the closed-end fund’s stock valued at $2,588,000 after acquiring an additional 9,416 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.9% during the second quarter. Envestnet Asset Management Inc. now owns 300,980 shares of the closed-end fund’s stock worth $2,125,000 after purchasing an additional 8,548 shares during the last quarter.

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

Shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund stock traded up $0.01 during trading on Wednesday, reaching $6.81. The company’s stock had a trading volume of 92,842 shares, compared to its average volume of 194,682. The business has a 50 day moving average price of $6.81 and a 200-day moving average price of $6.95. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 12-month low of $5.89 and a 12-month high of $7.18.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be given a dividend of $0.0535 per share. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Monday, January 12th.

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.