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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 76,000 shares, an increase of 143.6% from the August 31st total of 31,200 shares. Based on an average daily trading volume, of 153,200 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

A number of hedge funds have recently added to or reduced their stakes in EAD. Envestnet Asset Management Inc. raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.8% during the second quarter. Envestnet Asset Management Inc. now owns 338,533 shares of the closed-end fund’s stock worth $2,241,000 after purchasing an additional 24,547 shares during the period. Choreo LLC purchased a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 2nd quarter worth $150,000. Thoroughbred Financial Services LLC purchased a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 2nd quarter worth $72,000. Park Avenue Securities LLC boosted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.4% in the second quarter. Park Avenue Securities LLC now owns 177,451 shares of the closed-end fund’s stock valued at $1,175,000 after acquiring an additional 2,536 shares during the last quarter. Finally, Integrated Capital Management Inc. grew its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 17.9% during the second quarter. Integrated Capital Management Inc. now owns 31,766 shares of the closed-end fund’s stock valued at $210,000 after acquiring an additional 4,828 shares during the period.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Up 0.3 %

EAD stock opened at $7.11 on Friday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a one year low of $5.69 and a one year high of $7.14.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.0525 dividend. The ex-dividend date is Tuesday, October 15th.

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.