Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Short Interest Up 81.7% in June

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 62,500 shares, a growth of 81.7% from the May 31st total of 34,400 shares. Based on an average trading volume of 165,400 shares, the short-interest ratio is presently 0.4 days.

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

Hedge funds have recently made changes to their positions in the business. NBC Securities Inc. increased its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 107.8% during the 4th quarter. NBC Securities Inc. now owns 7,325 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 3,800 shares in the last quarter. PFG Investments LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 1st quarter worth about $351,000. Easterly Investment Partners LLC increased its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 11.3% during the 1st quarter. Easterly Investment Partners LLC now owns 145,231 shares of the closed-end fund’s stock worth $964,000 after purchasing an additional 14,712 shares in the last quarter. UBS Group AG increased its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 3.6% during the 3rd quarter. UBS Group AG now owns 336,704 shares of the closed-end fund’s stock worth $2,054,000 after purchasing an additional 11,807 shares in the last quarter. Finally, AQR Arbitrage LLC increased its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 213.5% during the 3rd quarter. AQR Arbitrage LLC now owns 478,611 shares of the closed-end fund’s stock worth $2,920,000 after purchasing an additional 325,952 shares in the last quarter.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

Shares of EAD stock traded up $0.01 during mid-day trading on Friday, reaching $6.62. The company’s stock had a trading volume of 269,487 shares, compared to its average volume of 171,531. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 1-year low of $5.69 and a 1-year high of $6.81.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Thursday, July 11th will be paid a $0.0521 dividend. This is a boost from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 9.44%.

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.