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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. raised its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 10.8% in the 2nd quarter. Invesco Ltd. now owns 897,364 shares of the closed-end fund’s stock valued at $6,335,000 after purchasing an additional 87,577 shares in the last quarter. NewEdge Advisors LLC increased its holdings in 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 buying an additional 1,420 shares during the last quarter. Jane Street Group LLC purchased a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the second quarter valued at $116,000. Ameriprise Financial Inc. raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 8.3% in the second 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. increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.6% in the 2nd quarter. Osaic Holdings Inc. now owns 96,475 shares of the closed-end fund’s stock valued at $681,000 after acquiring an additional 6,846 shares during the last quarter.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 0.6%

Shares of EAD opened at $6.37 on Friday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a fifty-two week low of $6.24 and a fifty-two week high of $7.15. The firm’s 50 day moving average price is $6.47 and its 200 day moving average price is $6.63.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a dividend of $0.0534 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%.

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.