Allspring Broad Market Core Bond ETF (NYSEARCA:AFIX) Stock Short Interest Drops 75.8%

Allspring Broad Market Core Bond ETF (NYSEARCA:AFIX) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 27,129 shares, a decline of 75.8% from the September 30th total of 112,218 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 7,515 shares, the short-interest ratio is presently 3.6 days.

Allspring Broad Market Core Bond ETF Stock Down 0.3%

Shares of NYSEARCA AFIX traded down $0.07 during trading on Wednesday, hitting $23.94. 4,119 shares of the company were exchanged, compared to its average volume of 25,143. The company has a fifty day moving average price of $24.03 and a 200-day moving average price of $24.68. Allspring Broad Market Core Bond ETF has a 12-month low of $23.51 and a 12-month high of $25.54.

Allspring Broad Market Core Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 27th. Shareholders of record on Friday, October 23rd were paid a dividend of $0.0776 per share. This represents a $0.93 annualized dividend and a yield of 3.9%. This is a negative change from Allspring Broad Market Core Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Friday, October 23rd.

Hedge Funds Weigh In On Allspring Broad Market Core Bond ETF

Several large investors have recently modified their holdings of the business. James J. Burns & Company LLC increased its position in shares of Allspring Broad Market Core Bond ETF by 4.8% during the 3rd quarter. James J. Burns & Company LLC now owns 2,208,064 shares of the company’s stock worth $52,047,000 after purchasing an additional 100,346 shares during the last quarter. MBE Wealth Management LLC raised its holdings in Allspring Broad Market Core Bond ETF by 4.6% in the 3rd quarter. MBE Wealth Management LLC now owns 95,817 shares of the company’s stock valued at $2,259,000 after buying an additional 4,246 shares during the period. Finally, Stiles Financial Services Inc lifted its position in Allspring Broad Market Core Bond ETF by 32.6% in the first quarter. Stiles Financial Services Inc now owns 50,130 shares of the company’s stock valued at $1,249,000 after buying an additional 12,338 shares during the last quarter.

Allspring Broad Market Core Bond ETF Company Profile

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.