Short Interest in Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Increases By 172.3%

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 79,500 shares, an increase of 172.3% from the February 28th total of 29,200 shares. Based on an average trading volume of 114,800 shares, the days-to-cover ratio is presently 0.7 days.

Allspring Multi-Sector Income Fund Price Performance

ERC stock opened at $9.25 on Friday. The firm’s 50-day moving average price is $9.23. Allspring Multi-Sector Income Fund has a 12-month low of $8.77 and a 12-month high of $9.58.

Allspring Multi-Sector Income Fund Dividend Announcement

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

Institutional Trading of Allspring Multi-Sector Income Fund

A number of institutional investors have recently added to or reduced their stakes in ERC. VSM Wealth Advisory LLC acquired a new position in shares of Allspring Multi-Sector Income Fund during the fourth quarter worth about $52,000. Avior Wealth Management LLC raised its holdings in shares of Allspring Multi-Sector Income Fund by 69.8% during the 4th quarter. Avior Wealth Management LLC now owns 10,937 shares of the company’s stock valued at $101,000 after buying an additional 4,496 shares during the period. Sheaff Brock Investment Advisors LLC acquired a new position in Allspring Multi-Sector Income Fund during the 4th quarter worth approximately $101,000. Citadel Advisors LLC purchased a new position in Allspring Multi-Sector Income Fund in the 4th quarter worth approximately $107,000. Finally, Encompass More Asset Management purchased a new position in Allspring Multi-Sector Income Fund in the 3rd quarter worth approximately $127,000.

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.