Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Short Interest Up 318.9% in August

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 78,848 shares, a growth of 318.9% from the July 30th total of 18,823 shares. Based on an average daily trading volume, of 261,159 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

Several institutional investors and hedge funds have recently made changes to their positions in EAD. Rothschild Wealth LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the fourth quarter worth approximately $90,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 14.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 16,457 shares of the closed-end fund’s stock worth $112,000 after buying an additional 2,113 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter worth approximately $113,000. Jane Street Group LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter worth approximately $116,000. Finally, Marex Group plc acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter worth approximately $121,000.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

EAD stock opened at $6.39 on Friday. The company’s fifty day simple moving average is $6.40 and its 200 day simple moving average is $6.53. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 12-month low of $6.24 and a 12-month high of $7.15.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be given a $0.0531 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 10.0%.

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.