Allspring Broad Market Core Bond ETF (NYSEARCA:AFIX) Shares Shorted: Short Interest Up 443.9% in September

Allspring Broad Market Core Bond ETF (NYSEARCA:AFIX) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 112,218 shares, a growth of 443.9% from the September 15th total of 20,631 shares. Based on an average daily trading volume, of 21,054 shares, the days-to-cover ratio is currently 5.3 days. Currently, 1.4% of the company’s shares are sold short.

Allspring Broad Market Core Bond ETF Stock Performance

Shares of AFIX stock remained flat at $23.68 on Friday. The company had a trading volume of 5,807 shares, compared to its average volume of 26,167. The firm has a 50-day moving average of $24.16 and a 200 day moving average of $24.56. Allspring Broad Market Core Bond ETF has a 52-week low of $23.51 and a 52-week high of $25.59.

Allspring Broad Market Core Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, September 28th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.6%. This is a drop from Allspring Broad Market Core Bond ETF’s previous monthly dividend of $0.0905. The ex-dividend date was Thursday, September 24th.

Institutional Trading of Allspring Broad Market Core Bond ETF

An institutional investor recently raised its position in Allspring Broad Market Core Bond ETF stock. Stiles Financial Services Inc lifted its holdings in Allspring Broad Market Core Bond ETF (NYSEARCA:AFIX) by 32.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,130 shares of the company’s stock after purchasing an additional 12,338 shares during the period. Stiles Financial Services Inc owned approximately 0.59% of Allspring Broad Market Core Bond ETF worth $1,249,000 at the end of the most recent reporting period.

About Allspring Broad Market Core Bond ETF

The Allspring Broad Market Core Bond ETF (AFIX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US and USD-denominated fixed income securities with broad credit and maturity. It seeks total return and primarily holds investment grade securities. AFIX was launched on Dec 4, 2024 and is issued by Allspring.