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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 46,000 shares, a decline of 42.1% from the January 31st total of 79,400 shares. Based on an average daily volume of 132,300 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Allspring Multi-Sector Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. VSM Wealth Advisory LLC acquired a new position in shares of Allspring Multi-Sector Income Fund in the 4th quarter valued at approximately $52,000. Avior Wealth Management LLC raised its position in shares of Allspring Multi-Sector Income Fund by 672.3% in the 3rd quarter. Avior Wealth Management LLC now owns 6,441 shares of the company’s stock valued at $62,000 after purchasing an additional 5,607 shares in the last quarter. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Allspring Multi-Sector Income Fund in the 4th quarter valued at approximately $101,000. Citadel Advisors LLC acquired a new position in shares of Allspring Multi-Sector Income Fund in the 4th quarter valued at approximately $107,000. Finally, Heritage Wealth Management Inc. acquired a new position in shares of Allspring Multi-Sector Income Fund in the 3rd quarter valued at approximately $108,000.

Allspring Multi-Sector Income Fund Stock Performance

NYSEAMERICAN ERC traded up $0.03 on Friday, reaching $9.27. The company had a trading volume of 82,480 shares, compared to its average volume of 108,569. Allspring Multi-Sector Income Fund has a 1 year low of $8.77 and a 1 year high of $9.58.

Allspring Multi-Sector Income Fund Announces Dividend

The business also recently declared a — dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a $0.0727 dividend. This represents a yield of 8.9%. The ex-dividend date of this dividend is Thursday, March 13th.

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.