Short Interest in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Decreases By 35.1%

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 35,000 shares, a drop of 35.1% from the March 31st total of 53,900 shares. Based on an average trading volume of 199,100 shares, the short-interest ratio is currently 0.2 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter worth about $57,000. NBC Securities Inc. increased its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 105,122.2% during the 1st quarter. NBC Securities Inc. now owns 9,470 shares of the closed-end fund’s stock valued at $64,000 after purchasing an additional 9,461 shares in the last quarter. Jane Street Group LLC purchased a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the third quarter worth about $73,000. Apollon Wealth Management LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the fourth quarter worth approximately $82,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the fourth quarter valued at approximately $87,000.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

Shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund stock opened at $6.75 on Friday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 12-month low of $5.89 and a 12-month high of $7.22. The company’s fifty day simple moving average is $6.71 and its two-hundred day simple moving average is $6.78.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be given a dividend of $0.0536 per share. The ex-dividend date is Monday, May 12th. This is a positive change from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. This represents a $0.64 annualized dividend and a dividend yield of 9.52%.

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.