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

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

Several large investors have recently made changes to their positions in the business. Adapt Wealth Advisors LLC acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter valued at $759,000. Luken Investment Analytics LLC raised its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 216.3% in the second quarter. Luken Investment Analytics LLC now owns 132,968 shares of the closed-end fund’s stock valued at $939,000 after purchasing an additional 90,929 shares during the period. Invesco Ltd. lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 10.8% during the second quarter. Invesco Ltd. now owns 897,364 shares of the closed-end fund’s stock worth $6,335,000 after purchasing an additional 87,577 shares in the last quarter. Readystate Asset Management LP purchased a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the third quarter worth about $452,000. Finally, Guggenheim Capital LLC raised its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.1% during the 2nd quarter. Guggenheim Capital LLC now owns 996,321 shares of the closed-end fund’s stock valued at $7,034,000 after buying an additional 57,362 shares during the period.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

EAD stock traded down $0.02 during trading on Tuesday, reaching $6.81. 90,097 shares of the stock traded hands, compared to its average volume of 205,167. The business’s 50 day moving average price is $6.82 and its 200-day moving average price is $6.95. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 52-week low of $5.89 and a 52-week high of $7.18.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

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

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.