Short Interest in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Drops By 78.9%

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 18,600 shares, a decrease of 78.9% from the January 31st total of 88,000 shares. Based on an average trading volume of 159,900 shares, the short-interest ratio is presently 0.1 days.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

EAD stock traded up $0.08 during midday trading on Friday, hitting $7.05. 156,996 shares of the company’s stock were exchanged, compared to its average volume of 167,129. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 1-year low of $6.29 and a 1-year high of $7.22.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a $0.0535 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a yield of 9%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter valued at about $94,000. Shaker Financial Services LLC boosted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 0.6% during the 3rd quarter. Shaker Financial Services LLC now owns 622,241 shares of the closed-end fund’s stock worth $4,469,000 after purchasing an additional 3,429 shares during the period. Pathstone Holdings LLC increased its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 54.9% in the 3rd quarter. Pathstone Holdings LLC now owns 1,279,130 shares of the closed-end fund’s stock valued at $9,121,000 after purchasing an additional 453,308 shares during the last quarter. Avior Wealth Management LLC increased its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 58.4% in the 3rd quarter. Avior Wealth Management LLC now owns 13,495 shares of the closed-end fund’s stock valued at $96,000 after purchasing an additional 4,977 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the third quarter valued at approximately $73,000.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

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.