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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the recipient of a significant growth in short interest in 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 trading volume of 94,400 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Allspring Multi-Sector Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Avior Wealth Management LLC grew its position in shares of Allspring Multi-Sector Income Fund by 672.3% during the third quarter. Avior Wealth Management LLC now owns 6,441 shares of the company’s stock worth $62,000 after acquiring an additional 5,607 shares during the last quarter. Heritage Wealth Management Inc. bought a new position in shares of Allspring Multi-Sector Income Fund during the third quarter worth about $108,000. Logan Stone Capital LLC bought a new position in shares of Allspring Multi-Sector Income Fund during the second quarter worth about $113,000. Encompass More Asset Management bought a new position in shares of Allspring Multi-Sector Income Fund during the third quarter worth about $127,000. Finally, Calamos Advisors LLC bought a new position in shares of Allspring Multi-Sector Income Fund during the second quarter worth about $130,000.

Allspring Multi-Sector Income Fund Trading Down 0.3 %

ERC stock traded down $0.03 during trading on Thursday, hitting $8.94. 211,341 shares of the company’s stock traded hands, compared to its average volume of 86,076. Allspring Multi-Sector Income Fund has a 52 week low of $8.77 and a 52 week high of $9.60.

Allspring Multi-Sector Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.0728 per share. This is a positive change from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.87 annualized dividend and a yield of 9.77%.

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.