Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Short Interest Update

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

Allspring Multi-Sector Income Fund Trading Down 0.5 %

Allspring Multi-Sector Income Fund stock opened at $9.10 on Tuesday. Allspring Multi-Sector Income Fund has a 1 year low of $8.77 and a 1 year high of $9.60.

Allspring Multi-Sector Income Fund Dividend Announcement

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

Institutional Investors Weigh In On Allspring Multi-Sector Income Fund

Several hedge funds have recently bought and sold shares of ERC. Benjamin F. Edwards & Company Inc. increased its position in shares of Allspring Multi-Sector Income Fund by 6.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 124,447 shares of the company’s stock valued at $1,118,000 after buying an additional 7,573 shares in the last quarter. Logan Stone Capital LLC acquired a new position in Allspring Multi-Sector Income Fund in the second quarter valued at about $113,000. International Assets Investment Management LLC increased its holdings in shares of Allspring Multi-Sector Income Fund by 921.0% in the third quarter. International Assets Investment Management LLC now owns 310,411 shares of the company’s stock worth $32,402,000 after acquiring an additional 280,009 shares in the last quarter. Heritage Wealth Management Inc. acquired a new stake in shares of Allspring Multi-Sector Income Fund during the third quarter worth about $108,000. Finally, Fiera Capital Corp lifted its holdings in shares of Allspring Multi-Sector Income Fund by 2.9% during the 3rd quarter. Fiera Capital Corp now owns 114,029 shares of the company’s stock valued at $1,092,000 after purchasing an additional 3,193 shares in the last quarter.

Allspring Multi-Sector Income Fund Company Profile

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.