Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 18,823 shares, a decrease of 46.1% from the July 15th total of 34,937 shares. Based on an average daily volume of 329,953 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund
A number of institutional investors have recently modified their holdings of EAD. Rothschild Wealth LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter worth approximately $90,000. Jane Street Group LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the second quarter valued at approximately $116,000. Oppenheimer & Co. Inc. grew its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 14.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 16,457 shares of the closed-end fund’s stock worth $112,000 after purchasing an additional 2,113 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the fourth quarter worth $113,000. Finally, Marex Group plc acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the fourth quarter worth $121,000.
Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance
EAD stock traded up $0.01 during trading on Monday, reaching $6.39. 450,005 shares of the company traded hands, compared to its average volume of 207,544. The business has a 50 day simple moving average of $6.41 and a 200 day simple moving average of $6.56. 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
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.
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