Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Sees Large Increase in Short Interest

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the target of a large growth in short interest in 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 volume of 114,800 shares, the days-to-cover ratio is currently 0.7 days.

Allspring Multi-Sector Income Fund Trading Down 0.2 %

Shares of NYSEAMERICAN:ERC traded down $0.02 during trading on Thursday, reaching $9.25. The stock had a trading volume of 37,437 shares, compared to its average volume of 103,565. Allspring Multi-Sector Income Fund has a 52 week low of $8.77 and a 52 week high of $9.58. The firm has a 50-day simple moving average of $9.22.

Allspring Multi-Sector Income Fund Dividend Announcement

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

Institutional Trading of Allspring Multi-Sector Income Fund

Several large investors have recently made changes to their positions in the business. Sit Investment Associates Inc. grew its stake in shares of Allspring Multi-Sector Income Fund by 142.2% during the fourth quarter. Sit Investment Associates Inc. now owns 1,212,452 shares of the company’s stock valued at $11,142,000 after purchasing an additional 711,947 shares during the last quarter. Raymond James Financial Inc. bought a new position in Allspring Multi-Sector Income Fund in the 4th quarter valued at $6,382,000. 1607 Capital Partners LLC increased its stake in shares of Allspring Multi-Sector Income Fund by 132.4% in the 4th quarter. 1607 Capital Partners LLC now owns 783,438 shares of the company’s stock valued at $7,200,000 after buying an additional 446,338 shares during the period. GraniteShares Advisors LLC acquired a new stake in shares of Allspring Multi-Sector Income Fund in the 4th quarter valued at $2,473,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of Allspring Multi-Sector Income Fund during the third quarter worth $1,432,000.

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.