Allspring Income Plus ETF (NYSEARCA:AINP) Sees Large Decline in Short Interest

Allspring Income Plus ETF (NYSEARCA:AINP) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 13,399 shares, a decline of 52.2% from the August 31st total of 28,054 shares. Based on an average daily trading volume, of 4,731 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Allspring Income Plus ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC increased its holdings in shares of Allspring Income Plus ETF by 4.3% in the second quarter. Integrated Wealth Concepts LLC now owns 198,313 shares of the company’s stock worth $4,966,000 after purchasing an additional 8,100 shares during the last quarter. Kestra Advisory Services LLC increased its stake in 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 acquiring an additional 8,232 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Allspring Income Plus ETF in the 2nd quarter worth approximately $1,158,000.

Allspring Income Plus ETF Stock Performance

Shares of NYSEARCA AINP traded down $0.03 during mid-day trading on Tuesday, reaching $24.04. The company’s stock had a trading volume of 5,942 shares, compared to its average volume of 10,246. Allspring Income Plus ETF has a 52 week low of $24.00 and a 52 week high of $25.60. The stock has a fifty day moving average of $24.68 and a two-hundred day moving average of $24.88.

Allspring Income Plus ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 28th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.0997 per share. This is a decrease from Allspring Income Plus ETF’s previous monthly dividend of $0.1060. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.20 dividend on an annualized basis and a yield of 5.0%.

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.