Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Short Interest Update

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the recipient of a large 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 daily volume of 94,400 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Allspring Multi-Sector Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Moors & Cabot Inc. raised its position in shares of 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 purchasing an additional 4,300 shares during the period. Avior Wealth Management LLC lifted its position 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 valued at $62,000 after acquiring an additional 5,607 shares in the last quarter. Pathstone Holdings LLC bought a new position in shares of Allspring Multi-Sector Income Fund in the third quarter worth about $2,942,000. Wolverine Asset Management LLC boosted its stake in shares of Allspring Multi-Sector Income Fund by 47.3% in the third quarter. Wolverine Asset Management LLC now owns 151,583 shares of the company’s stock worth $1,452,000 after acquiring an additional 48,692 shares during the period. Finally, Fiera Capital Corp grew its position 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 purchasing an additional 3,193 shares in the last quarter.

Allspring Multi-Sector Income Fund Trading Down 0.4 %

ERC traded down $0.04 during trading on Wednesday, hitting $8.97. The company’s stock had a trading volume of 131,177 shares, compared to its average volume of 85,445. Allspring Multi-Sector Income Fund has a one year low of $8.77 and a one year 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. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.0662 per share. This represents a $0.79 annualized dividend and a yield of 8.86%. The ex-dividend date is Tuesday, November 12th. This is a positive change from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

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.