Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Sees Significant Growth in Short Interest

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 67,800 shares, an increase of 6.3% from the December 15th total of 63,800 shares. Based on an average trading volume of 135,600 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Allspring Multi-Sector Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC lifted its position in Allspring Multi-Sector Income Fund by 672.3% during the third quarter. Avior Wealth Management LLC now owns 6,441 shares of the company’s stock worth $62,000 after buying an additional 5,607 shares during the period. Heritage Wealth Management Inc. acquired a new stake in shares of Allspring Multi-Sector Income Fund during the third quarter valued at about $108,000. Logan Stone Capital LLC purchased a new stake in Allspring Multi-Sector Income Fund during the 2nd quarter worth approximately $113,000. Encompass More Asset Management bought a new stake in shares of Allspring Multi-Sector Income Fund in the third quarter worth $127,000. Finally, Moors & Cabot Inc. raised its stake in shares of Allspring Multi-Sector Income Fund by 31.4% in the 3rd quarter. Moors & Cabot Inc. now owns 18,000 shares of the company’s stock valued at $172,000 after purchasing an additional 4,300 shares in the last quarter.

Allspring Multi-Sector Income Fund Stock Down 0.5 %

Shares of NYSEAMERICAN:ERC traded down $0.05 on Friday, reaching $9.10. The company’s stock had a trading volume of 76,677 shares, compared to its average volume of 107,089. Allspring Multi-Sector Income Fund has a 52-week low of $8.77 and a 52-week high of $9.60.

Allspring Multi-Sector Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be given a dividend of $0.0729 per share. The ex-dividend date is Monday, January 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 9.62%.

About Allspring Multi-Sector Income Fund

Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds.