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 January. As of January 30th, there was short interest totaling 35,380 shares, a decline of 27.3% from the January 15th total of 48,664 shares. Based on an average trading volume of 82,557 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 82,557 shares, the short-interest ratio is presently 0.4 days.

Allspring Multi-Sector Income Fund Stock Performance

Shares of NYSEAMERICAN ERC opened at $9.40 on Friday. Allspring Multi-Sector Income Fund has a 12-month low of $8.44 and a 12-month high of $9.77. The firm has a 50 day moving average of $9.38 and a 200 day moving average of $9.43.

Allspring Multi-Sector Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be given a $0.0724 dividend. The ex-dividend date is Thursday, February 12th. This is a positive change from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 9.2%.

Institutional Investors Weigh In On Allspring Multi-Sector Income Fund

A number of institutional investors have recently added to or reduced their stakes in ERC. Kestra Advisory Services LLC purchased a new position in shares of Allspring Multi-Sector Income Fund during the fourth quarter valued at about $74,000. Allworth Financial LP purchased a new position in shares of Allspring Multi-Sector Income Fund in the 2nd quarter worth $105,000. Virtu Financial LLC bought a new position in shares of Allspring Multi-Sector Income Fund in the 3rd quarter valued at about $117,000. Perigon Wealth Management LLC bought a new position in shares of Allspring Multi-Sector Income Fund in the 3rd quarter valued at about $118,000. Finally, Integris Wealth Management LLC purchased a new position in Allspring Multi-Sector Income Fund in the third quarter worth about $120,000.

About Allspring Multi-Sector Income Fund

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.