Allspring Income Plus ETF (NYSEARCA:AINP) Sees Significant Drop in Short Interest

Allspring Income Plus ETF (NYSEARCA:AINP) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 24,006 shares, a drop of 90.0% from the June 30th total of 239,201 shares. Based on an average daily trading volume, of 6,983 shares, the short-interest ratio is presently 3.4 days. Approximately 0.3% of the shares of the company are short sold.

Allspring Income Plus ETF Price Performance

Shares of AINP traded down $0.10 during mid-day trading on Friday, hitting $24.67. The stock had a trading volume of 3,661 shares, compared to its average volume of 12,068. Allspring Income Plus ETF has a fifty-two week low of $24.60 and a fifty-two week high of $25.60. The company’s fifty day simple moving average is $24.98 and its two-hundred day simple moving average is $25.09.

Hedge Funds Weigh In On Allspring Income Plus ETF

A number of hedge funds have recently added to or reduced their stakes in AINP. Jane Street Group LLC bought a new stake in Allspring Income Plus ETF during the first quarter valued at $2,011,000. JPMorgan Chase & Co. acquired a new stake in shares of Allspring Income Plus ETF during the second quarter worth $732,000. Finally, Kestra Advisory Services LLC lifted its position in shares of Allspring Income Plus ETF by 63.5% in the 1st quarter. Kestra Advisory Services LLC now owns 21,189 shares of the company’s stock worth $527,000 after buying an additional 8,232 shares during the last quarter.

Allspring Income Plus ETF Company Profile

The Allspring Income Plus ETF (AINP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that selects investments from a broad universe of corporate or government fixed income securities of any credit quality or maturity from issuers worldwide. AINP was launched on Dec 4, 2024 and is issued by Allspring.