Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Short Interest Up 500.0% in October

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 14,400 shares, a growth of 500.0% from the October 15th total of 2,400 shares. Based on an average daily trading volume, of 94,400 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Allspring Multi-Sector Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC boosted its stake in Allspring Multi-Sector Income Fund by 672.3% in the third quarter. Avior Wealth Management LLC now owns 6,441 shares of the company’s stock valued at $62,000 after buying an additional 5,607 shares in the last quarter. Heritage Wealth Management Inc. bought a new stake in shares of Allspring Multi-Sector Income Fund during the 3rd quarter valued at approximately $108,000. Logan Stone Capital LLC acquired a new position in Allspring Multi-Sector Income Fund during the 2nd quarter worth approximately $113,000. Calamos Advisors LLC bought a new position in Allspring Multi-Sector Income Fund in the 2nd quarter valued at approximately $130,000. Finally, Moors & Cabot Inc. boosted its position in Allspring Multi-Sector Income Fund by 31.4% in the third 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 in the last quarter.

Allspring Multi-Sector Income Fund Stock Down 0.4 %

Shares of NYSEAMERICAN:ERC traded down $0.04 during midday trading on Wednesday, reaching $8.97. The company had a trading volume of 131,177 shares, compared to its average volume of 85,445. Allspring Multi-Sector Income Fund has a 1-year low of $8.77 and a 1-year high of $9.60.

Allspring Multi-Sector Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be paid a $0.0662 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 8.86%. The ex-dividend date of this dividend is Tuesday, November 12th. This is an increase from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

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.