Short Interest in Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Increases By 172.3%

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 79,500 shares, a growth of 172.3% from the February 28th total of 29,200 shares. Based on an average daily trading volume, of 114,800 shares, the short-interest ratio is presently 0.7 days.

Allspring Multi-Sector Income Fund Stock Performance

Shares of Allspring Multi-Sector Income Fund stock opened at $9.25 on Friday. Allspring Multi-Sector Income Fund has a one year low of $8.77 and a one year high of $9.58. The stock’s 50 day moving average is $9.23.

Allspring Multi-Sector Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. VSM Wealth Advisory LLC purchased a new stake in 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 69.8% during the 4th quarter. Avior Wealth Management LLC now owns 10,937 shares of the company’s stock worth $101,000 after purchasing an additional 4,496 shares during the last quarter. Sheaff Brock Investment Advisors LLC purchased a new stake in Allspring Multi-Sector Income Fund in the 4th quarter valued at approximately $101,000. Citadel Advisors LLC purchased a new stake in Allspring Multi-Sector Income Fund in the 4th quarter valued at approximately $107,000. Finally, Encompass More Asset Management acquired a new stake in Allspring Multi-Sector Income Fund during the 3rd quarter valued at $127,000.

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.