Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Short Interest Up 16.0% in November

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 16,700 shares, an increase of 16.0% from the October 31st total of 14,400 shares. Based on an average daily trading volume, of 106,700 shares, the short-interest ratio is currently 0.2 days.

Allspring Multi-Sector Income Fund Price Performance

Allspring Multi-Sector Income Fund stock traded up $0.02 on Tuesday, reaching $9.12. The company’s stock had a trading volume of 107,168 shares, compared to its average volume of 88,034. Allspring Multi-Sector Income Fund has a twelve month low of $8.77 and a twelve month high of $9.60.

Allspring Multi-Sector Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be issued a $0.0728 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 9.58%. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

Institutional Investors Weigh In On Allspring Multi-Sector Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC increased its holdings in shares of 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 worth $62,000 after acquiring an additional 5,607 shares in the last quarter. Heritage Wealth Management Inc. bought a new stake in shares of Allspring Multi-Sector Income Fund in the third quarter worth about $108,000. Logan Stone Capital LLC acquired a new position in shares of Allspring Multi-Sector Income Fund during the second quarter worth about $113,000. Encompass More Asset Management acquired a new position in shares of Allspring Multi-Sector Income Fund during the third quarter worth about $127,000. Finally, Calamos Advisors LLC acquired a new position in shares of Allspring Multi-Sector Income Fund during the second quarter worth about $130,000.

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.