Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Short Interest Up 16.8% in April

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD – Get Rating) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 116,600 shares, a growth of 16.8% from the March 31st total of 99,800 shares. Based on an average daily volume of 210,000 shares, the days-to-cover ratio is presently 0.6 days.

A number of institutional investors have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC increased its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 5.6% in the 1st quarter. Park Avenue Securities LLC now owns 148,239 shares of the closed-end fund’s stock worth $1,171,000 after acquiring an additional 7,856 shares in the last quarter. Secure Asset Management LLC purchased a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 1st quarter worth approximately $88,000. AE Wealth Management LLC increased its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 15.2% in the 1st quarter. AE Wealth Management LLC now owns 52,422 shares of the closed-end fund’s stock worth $414,000 after acquiring an additional 6,902 shares in the last quarter. Evanson Asset Management LLC purchased a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 1st quarter worth approximately $101,000. Finally, NewEdge Advisors LLC purchased a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter worth approximately $680,000.

NYSEAMERICAN EAD opened at $7.40 on Friday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 52 week low of $7.36 and a 52 week high of $9.22.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be given a dividend of $0.0602 per share. This represents a $0.72 annualized dividend and a dividend yield of 9.77%. The ex-dividend date is Thursday, May 12th.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile (Get Rating)

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.

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