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 November. As of November 30th, there was short interest totalling 21,800 shares, a growth of 30.5% from the November 15th total of 16,700 shares. Based on an average trading volume of 109,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Allspring Multi-Sector Income Fund

Several large investors have recently modified their holdings of the business. Choreo LLC raised its holdings in Allspring Multi-Sector Income Fund by 6.8% in the second quarter. Choreo LLC now owns 22,899 shares of the company’s stock valued at $206,000 after acquiring an additional 1,466 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Allspring Multi-Sector Income Fund by 8.0% in the second quarter. International Assets Investment Management LLC now owns 30,402 shares of the company’s stock worth $273,000 after buying an additional 2,250 shares during the period. Fiera Capital Corp raised its position in Allspring Multi-Sector Income Fund by 2.9% during the third quarter. Fiera Capital Corp now owns 114,029 shares of the company’s stock valued at $1,092,000 after buying an additional 3,193 shares during the period. Moors & Cabot Inc. lifted its position in 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 worth $172,000 after buying an additional 4,300 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its stake in Allspring Multi-Sector Income Fund by 672.3% in the third quarter. Avior Wealth Management LLC now owns 6,441 shares of the company’s stock valued at $62,000 after acquiring an additional 5,607 shares during the last quarter.

Allspring Multi-Sector Income Fund Trading Up 0.1 %

Shares of ERC traded up $0.01 during mid-day trading on Friday, reaching $9.13. The company’s stock had a trading volume of 225,326 shares, compared to its average volume of 90,098. Allspring Multi-Sector Income Fund has a 12-month low of $8.77 and a 12-month high of $9.60.

Allspring Multi-Sector Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.0728 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 9.57%. This is a positive change from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Thursday, December 12th.

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.