Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Short Interest Update

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 46,000 shares, a drop of 42.1% from the January 31st total of 79,400 shares. Based on an average trading volume of 132,300 shares, the short-interest ratio is presently 0.3 days.

Allspring Multi-Sector Income Fund Stock Performance

Shares of NYSEAMERICAN ERC traded up $0.03 during trading on Friday, hitting $9.27. 82,480 shares of the company were exchanged, compared to its average volume of 108,569. Allspring Multi-Sector Income Fund has a 1 year low of $8.77 and a 1 year high of $9.58.

Allspring Multi-Sector Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Selway Asset Management raised its stake in Allspring Multi-Sector Income Fund by 5.2% in the 4th quarter. Selway Asset Management now owns 28,535 shares of the company’s stock valued at $262,000 after purchasing an additional 1,406 shares during the last quarter. Fiera Capital Corp grew its holdings in Allspring Multi-Sector Income Fund by 2.9% in the 3rd quarter. Fiera Capital Corp now owns 114,029 shares of the company’s stock valued at $1,092,000 after buying an additional 3,193 shares during the period. Moors & Cabot Inc. grew its holdings in Allspring Multi-Sector Income Fund by 31.4% in the 3rd quarter. Moors & Cabot Inc. now owns 18,000 shares of the company’s stock valued at $172,000 after buying an additional 4,300 shares during the period. Avior Wealth Management LLC grew its holdings in Allspring Multi-Sector Income Fund by 69.8% in 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. Finally, VSM Wealth Advisory LLC purchased a new stake in Allspring Multi-Sector Income Fund in the 4th quarter valued at about $52,000.

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.