Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Short Interest Up 67.9% in December

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 98,197 shares, a growth of 67.9% from the November 30th total of 58,477 shares. Based on an average daily trading volume, of 117,342 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 117,342 shares, the short-interest ratio is presently 0.8 days.

Allspring Multi-Sector Income Fund Stock Up 0.3%

Shares of NYSEAMERICAN ERC traded up $0.03 during trading on Tuesday, hitting $9.37. 16,569 shares of the company were exchanged, compared to its average volume of 92,517. The company has a fifty day moving average price of $9.38 and a 200-day moving average price of $9.44. Allspring Multi-Sector Income Fund has a 12-month low of $8.44 and a 12-month high of $9.77.

Allspring Multi-Sector Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be issued a $0.0723 dividend. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date is Monday, January 12th. This is a positive change from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

Institutional Trading of Allspring Multi-Sector Income Fund

Several institutional investors have recently made changes to their positions in ERC. Raymond James Financial Inc. lifted its holdings in Allspring Multi-Sector Income Fund by 1.5% in the third quarter. Raymond James Financial Inc. now owns 815,458 shares of the company’s stock valued at $7,812,000 after acquiring an additional 11,916 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Allspring Multi-Sector Income Fund by 9.5% in the 1st quarter. Royal Bank of Canada now owns 555,704 shares of the company’s stock valued at $5,124,000 after purchasing an additional 47,988 shares during the last quarter. Invesco Ltd. increased its position in shares of Allspring Multi-Sector Income Fund by 5.1% during the 3rd quarter. Invesco Ltd. now owns 549,235 shares of the company’s stock worth $5,262,000 after purchasing an additional 26,690 shares during the last quarter. Shaker Financial Services LLC raised its holdings in Allspring Multi-Sector Income Fund by 16.2% in the 3rd quarter. Shaker Financial Services LLC now owns 366,566 shares of the company’s stock valued at $3,540,000 after buying an additional 51,013 shares during the period. Finally, GraniteShares Advisors LLC lifted its position in Allspring Multi-Sector Income Fund by 9.7% in the third quarter. GraniteShares Advisors LLC now owns 335,015 shares of the company’s stock valued at $3,209,000 after buying an additional 29,512 shares during the last quarter.

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.