Allspring Broad Market Core Bond ETF (NYSEARCA:AFIX) Sees Large Growth in Short Interest

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

Allspring Broad Market Core Bond ETF Price Performance

AFIX stock remained flat at $23.68 during midday trading on Friday. 5,807 shares of the company’s stock traded hands, compared to its average volume of 26,167. Allspring Broad Market Core Bond ETF has a 52 week low of $23.51 and a 52 week high of $25.59. 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 Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 28th. Stockholders of record on Thursday, September 24th were paid a $0.09 dividend. The ex-dividend date was Thursday, September 24th. This is a decrease from Allspring Broad Market Core Bond ETF’s previous monthly dividend of $0.0905. This represents a $1.08 annualized dividend and a dividend yield of 4.6%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Allspring Broad Market Core Bond ETF stock. Stiles Financial Services Inc raised its stake in Allspring Broad Market Core Bond ETF (NYSEARCA:AFIX) by 32.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 about 0.59% of Allspring Broad Market Core Bond ETF worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.