Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Sees Significant Decline in Short Interest

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

Allspring Multi-Sector Income Fund Price Performance

Shares of ERC traded down $0.03 during trading hours on Tuesday, reaching $9.25. 55,671 shares of the company traded hands, compared to its average volume of 107,244. 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 Announces Dividend

The firm also recently announced 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 Investors Weigh In On Allspring Multi-Sector Income Fund

Several institutional investors have recently bought and sold shares of ERC. VSM Wealth Advisory LLC acquired a new position in Allspring Multi-Sector Income Fund in the 4th quarter valued at about $52,000. Avior Wealth Management LLC lifted its holdings in Allspring Multi-Sector Income Fund by 672.3% during the 3rd quarter. Avior Wealth Management LLC now owns 6,441 shares of the company’s stock worth $62,000 after buying an additional 5,607 shares in the last quarter. Sheaff Brock Investment Advisors LLC acquired a new stake in Allspring Multi-Sector Income Fund during the 4th quarter worth approximately $101,000. Citadel Advisors LLC acquired a new position in shares of Allspring Multi-Sector Income Fund in the fourth quarter worth $107,000. Finally, Heritage Wealth Management Inc. purchased a new stake in shares of Allspring Multi-Sector Income Fund during the third quarter worth $108,000.

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.