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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 98,197 shares, an increase of 67.9% from the November 30th total of 58,477 shares. Based on an average daily volume of 117,342 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 117,342 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Allspring Multi-Sector Income Fund

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP bought a new position in shares of Allspring Multi-Sector Income Fund in the second quarter worth about $105,000. Virtu Financial LLC acquired a new stake in Allspring Multi-Sector Income Fund in the 3rd quarter valued at approximately $117,000. Perigon Wealth Management LLC acquired a new stake in Allspring Multi-Sector Income Fund in the 3rd quarter valued at approximately $118,000. Integris Wealth Management LLC bought a new position in Allspring Multi-Sector Income Fund in the 3rd quarter worth approximately $120,000. Finally, World Investment Advisors acquired a new position in shares of Allspring Multi-Sector Income Fund during the third quarter worth approximately $134,000.

Allspring Multi-Sector Income Fund Trading Up 0.3%

ERC stock traded up $0.03 during midday trading on Friday, hitting $9.40. 74,356 shares of the company traded hands, compared to its average volume of 92,733. Allspring Multi-Sector Income Fund has a twelve month low of $8.44 and a twelve month high of $9.77. The business has a 50 day simple moving average of $9.38 and a 200-day simple moving average of $9.44.

Allspring Multi-Sector Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be issued a $0.0723 dividend. This is a boost from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07. The ex-dividend date is Monday, January 12th. This represents a c) annualized dividend and a yield of 9.2%.

Allspring Multi-Sector Income Fund Company Profile

Allspring Multi-Sector Income Fund (NYSE American: ERC) is a closed-end management investment company that seeks to provide high current income and total return by investing in a diversified portfolio of fixed-income securities. The fund trades on the NYSE American exchange and employs an active, research-driven approach to credit selection across multiple sectors of the debt market.

The fund’s investment strategy spans a broad array of fixed-income instruments, including corporate bonds, bank loans, securitized products such as mortgage- and asset-backed securities, and sovereign debt.