Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Short Interest Up 16.8% in April

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Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EADGet Rating) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 116,600 shares, an increase of 16.8% from the March 31st total of 99,800 shares. Based on an average daily volume of 210,000 shares, the days-to-cover ratio is presently 0.6 days.

Hedge funds have recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 17.3% during the 3rd quarter. LPL Financial LLC now owns 171,029 shares of the closed-end fund’s stock valued at $1,505,000 after buying an additional 25,181 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter valued at $4,348,000. Thrivent Financial for Lutherans boosted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 380,564 shares of the closed-end fund’s stock valued at $3,349,000 after buying an additional 26,681 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 34.4% during the 3rd quarter. Guggenheim Capital LLC now owns 169,820 shares of the closed-end fund’s stock valued at $1,494,000 after buying an additional 43,489 shares in the last quarter. Finally, Claybrook Capital LLC bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter valued at $405,000.

Shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund stock opened at $7.40 on Friday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 12-month low of $7.36 and a 12-month high of $9.22.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be issued a dividend of $0.0602 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.77%. The ex-dividend date of this dividend is Thursday, May 12th.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile (Get Rating)

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.

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