Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Sees Significant Increase in Short Interest

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 52,400 shares, an increase of 103.1% from the November 15th total of 25,800 shares. Based on an average daily trading volume, of 174,700 shares, the days-to-cover ratio is currently 0.3 days.

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

Several hedge funds have recently added to or reduced their stakes in EAD. Pathstone Holdings LLC boosted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 54.9% during the third quarter. Pathstone Holdings LLC now owns 1,279,130 shares of the closed-end fund’s stock worth $9,121,000 after purchasing an additional 453,308 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.8% during the second quarter. Envestnet Asset Management Inc. now owns 338,533 shares of the closed-end fund’s stock worth $2,241,000 after acquiring an additional 24,547 shares in the last quarter. Choreo LLC bought a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the second quarter worth about $150,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the third quarter valued at about $94,000. Finally, Thoroughbred Financial Services LLC bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the second quarter worth about $72,000.

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

EAD traded up $0.01 during trading on Friday, reaching $7.01. 255,647 shares of the company’s stock were exchanged, compared to its average volume of 168,731. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a fifty-two week low of $6.29 and a fifty-two week high of $7.22.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be issued a $0.0531 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 9.08%. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05.

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.