Short Interest in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Decreases By 37.7%

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 28,580 shares, a drop of 37.7% from the June 15th total of 45,880 shares. Based on an average daily volume of 350,913 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Invesco Ltd. boosted its position in 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 during the period. NewEdge Advisors LLC raised its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.9% in the second quarter. NewEdge Advisors LLC now owns 49,820 shares of the closed-end fund’s stock valued at $352,000 after purchasing an additional 1,420 shares in the last quarter. Jane Street Group LLC bought a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the second quarter worth $116,000. Ameriprise Financial Inc. raised its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 8.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 53,100 shares of the closed-end fund’s stock valued at $375,000 after buying an additional 4,076 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.6% during the 2nd quarter. Osaic Holdings Inc. now owns 96,475 shares of the closed-end fund’s stock worth $681,000 after acquiring an additional 6,846 shares during the period.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

Shares of NYSEAMERICAN:EAD opened at $6.39 on Friday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 12-month low of $6.24 and a 12-month high of $7.15. The stock’s 50-day moving average price is $6.48 and its two-hundred day moving average price is $6.63.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a $0.0534 dividend. The ex-dividend date is Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 10.0%.

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.