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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 29,200 shares, a decline of 36.5% from the February 13th total of 46,000 shares. Based on an average daily volume of 126,900 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Allspring Multi-Sector Income Fund

Several hedge funds have recently bought and sold shares of the company. Selway Asset Management grew its stake in Allspring Multi-Sector Income Fund by 5.2% in the 4th quarter. Selway Asset Management now owns 28,535 shares of the company’s stock worth $262,000 after buying an additional 1,406 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Allspring Multi-Sector Income Fund by 31.4% in the 3rd quarter. Moors & Cabot Inc. now owns 18,000 shares of the company’s stock worth $172,000 after acquiring an additional 4,300 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Allspring Multi-Sector Income Fund by 69.8% in the 4th quarter. Avior Wealth Management LLC now owns 10,937 shares of the company’s stock worth $101,000 after acquiring an additional 4,496 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of Allspring Multi-Sector Income Fund in the 4th quarter worth approximately $52,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Allspring Multi-Sector Income Fund by 44.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 19,872 shares of the company’s stock worth $183,000 after acquiring an additional 6,101 shares during the last quarter.

Allspring Multi-Sector Income Fund Stock Performance

Shares of NYSEAMERICAN ERC remained flat at $9.21 during midday trading on Friday. 109,686 shares of the stock traded hands, compared to its average volume of 105,873. The business has a 50 day moving average of $9.17. Allspring Multi-Sector Income Fund has a one year low of $8.77 and a one year high of $9.58.

Allspring Multi-Sector Income Fund Dividend Announcement

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

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.