Short Interest in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Increases By 86.8%

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 123,845 shares, an increase of 86.8% from the November 30th total of 66,304 shares. Based on an average daily trading volume, of 189,699 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 189,699 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EAD. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 285.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 14,847 shares of the closed-end fund’s stock valued at $102,000 after buying an additional 11,000 shares during the period. Geneos Wealth Management Inc. increased its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 549.9% during the first quarter. Geneos Wealth Management Inc. now owns 15,103 shares of the closed-end fund’s stock valued at $103,000 after acquiring an additional 12,779 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 326.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 55,379 shares of the closed-end fund’s stock valued at $394,000 after acquiring an additional 42,404 shares in the last quarter. PFG Investments LLC lifted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 36.7% in the 2nd quarter. PFG Investments LLC now owns 59,219 shares of the closed-end fund’s stock worth $418,000 after acquiring an additional 15,885 shares during the period. Finally, Luken Investment Analytics LLC lifted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 216.3% in the 2nd quarter. Luken Investment Analytics LLC now owns 132,968 shares of the closed-end fund’s stock worth $939,000 after acquiring an additional 90,929 shares during the period.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Up 0.3%

Shares of EAD traded up $0.02 during mid-day trading on Friday, hitting $6.81. The company’s stock had a trading volume of 144,949 shares, compared to its average volume of 172,293. The stock’s 50-day moving average is $6.84 and its two-hundred day moving average is $6.96. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a one year low of $5.89 and a one year high of $7.18.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

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

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

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.