Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Short Interest Up 6.3% in December

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the target of a large growth in short interest in 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.

Institutional Investors Weigh In On Allspring Multi-Sector Income Fund

Several large investors have recently bought and sold shares of the company. Fiera Capital Corp grew its holdings in shares of 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 worth $1,092,000 after buying an additional 3,193 shares in the last quarter. Moors & Cabot Inc. grew its stake in Allspring Multi-Sector Income Fund by 31.4% during the 3rd quarter. Moors & Cabot Inc. now owns 18,000 shares of the company’s stock valued at $172,000 after acquiring an additional 4,300 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Allspring Multi-Sector Income Fund by 69.8% in the 4th quarter. Avior Wealth Management LLC now owns 10,937 shares of the company’s stock valued at $101,000 after acquiring an additional 4,496 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in 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 worth $1,118,000 after purchasing an additional 7,573 shares in the last quarter. Finally, Heritage Wealth Management Inc. acquired a new position in shares of Allspring Multi-Sector Income Fund during the 3rd quarter worth approximately $108,000.

Allspring Multi-Sector Income Fund Price Performance

Shares of Allspring Multi-Sector Income Fund stock traded down $0.05 on Monday, reaching $9.10. The stock had a trading volume of 76,677 shares, compared to its average volume of 107,089. 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 Announces Dividend

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

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.