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

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

A number of large investors have recently added to or reduced their stakes in EAD. Strategic Advocates LLC acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth about $32,000. CoreCap Advisors LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 90.1% during the 4th quarter. CoreCap Advisors LLC now owns 6,330 shares of the closed-end fund’s stock worth $43,000 after purchasing an additional 3,000 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter valued at approximately $67,000. Rothschild Wealth LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter valued at $90,000. Finally, Oppenheimer & Co. Inc. purchased a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth $101,000.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

EAD opened at $6.29 on Monday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a one year low of $5.89 and a one year high of $7.18. The business’s fifty day moving average is $6.75 and its two-hundred day 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 paid a dividend of $0.0534 per share. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend is Friday, April 10th.

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.