Short Interest in Wells Fargo Advantage Income Opportunities Fund (EAD) Decreases By 54.3%

Wells Fargo Advantage Income Opportunities Fund (NYSEAMERICAN:EAD) was the recipient of a significant decrease in short interest during the month of April. As of April 13th, there was short interest totalling 30,725 shares, a decrease of 54.3% from the March 30th total of 67,167 shares. Based on an average trading volume of 217,415 shares, the short-interest ratio is presently 0.1 days.

Several large investors have recently modified their holdings of the company. Park Avenue Securities LLC raised its stake in shares of Wells Fargo Advantage Income Opportunities Fund by 57.9% during the fourth quarter. Park Avenue Securities LLC now owns 19,276 shares of the closed-end fund’s stock valued at $163,000 after acquiring an additional 7,067 shares during the last quarter. Millennium Management LLC raised its stake in Wells Fargo Advantage Income Opportunities Fund by 91.2% in the fourth quarter. Millennium Management LLC now owns 26,389 shares of the closed-end fund’s stock worth $222,000 after buying an additional 12,589 shares in the last quarter. BB&T Securities LLC bought a new position in Wells Fargo Advantage Income Opportunities Fund in the fourth quarter worth about $113,000. Ameriprise Financial Inc. raised its stake in Wells Fargo Advantage Income Opportunities Fund by 10.0% in the third quarter. Ameriprise Financial Inc. now owns 184,073 shares of the closed-end fund’s stock worth $1,608,000 after buying an additional 16,702 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Wells Fargo Advantage Income Opportunities Fund in the fourth quarter worth about $234,000.

Shares of NYSEAMERICAN:EAD opened at $8.06 on Friday. Wells Fargo Advantage Income Opportunities Fund has a 12 month low of $7.80 and a 12 month high of $8.97.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Monday, April 16th will be paid a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a dividend yield of 7.74%. The ex-dividend date of this dividend is Friday, April 13th.

Wells Fargo Advantage Income Opportunities Fund Company Profile

Wells Fargo Income Opportunities Fund (the Fund), formerly Wells Fargo Advantage Income Opportunities Fund, is a diversified closed-end management investment company. The Fund’s investment objective is to seek high level of current income and capital appreciation is its secondary objective. The Fund may invest in direct debt instruments, which are interests in amounts owed to lenders by corporate or other borrowers.

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