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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 53,100 shares, a drop of 10.0% from the September 30th total of 59,000 shares. Based on an average trading volume of 153,000 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EAD. Easterly Investment Partners LLC boosted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 11.3% in the 1st quarter. Easterly Investment Partners LLC now owns 145,231 shares of the closed-end fund’s stock valued at $964,000 after buying an additional 14,712 shares during the last quarter. City of London Investment Management Co. Ltd. boosted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 13.7% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 539,918 shares of the closed-end fund’s stock valued at $3,585,000 after buying an additional 65,000 shares during the last quarter. Park Avenue Securities LLC boosted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.4% in the 2nd quarter. Park Avenue Securities LLC now owns 177,451 shares of the closed-end fund’s stock valued at $1,175,000 after buying an additional 2,536 shares during the last quarter. Integrated Capital Management Inc. boosted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 17.9% in the 2nd quarter. Integrated Capital Management Inc. now owns 31,766 shares of the closed-end fund’s stock valued at $210,000 after buying an additional 4,828 shares during the last quarter. Finally, Choreo LLC bought a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 2nd quarter valued at $150,000.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

Shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund stock opened at $6.82 on Wednesday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a fifty-two week low of $5.74 and a fifty-two week high of $7.22.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a $0.0527 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 9.27%. This is a positive change from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. The ex-dividend date is Tuesday, November 12th.

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.