Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 14,400 shares, a growth of 500.0% from the October 15th total of 2,400 shares. Based on an average trading volume of 94,400 shares, the days-to-cover ratio is presently 0.2 days.
Allspring Multi-Sector Income Fund Trading Down 1.2 %
ERC traded down $0.11 during trading on Tuesday, reaching $9.01. 146,072 shares of the company’s stock were exchanged, compared to its average volume of 85,236. Allspring Multi-Sector Income Fund has a fifty-two week low of $8.77 and a fifty-two week high of $9.60.
Allspring Multi-Sector Income Fund Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a dividend of $0.0662 per share. This is an increase from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.79 annualized dividend and a yield of 8.82%.
Institutional Trading of Allspring Multi-Sector Income Fund
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.
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