Short Interest in Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Rises By 25.2%

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 15,400 shares, a growth of 25.2% from the June 30th total of 12,300 shares. Based on an average daily volume of 89,700 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Allspring Multi-Sector Income Fund

Several institutional investors have recently bought and sold shares of ERC. Calamos Advisors LLC bought a new stake in shares of Allspring Multi-Sector Income Fund during the 2nd quarter worth approximately $130,000. Choreo LLC bought a new stake in shares of Allspring Multi-Sector Income Fund during the 1st quarter worth approximately $200,000. Custom Index Systems LLC bought a new stake in shares of Allspring Multi-Sector Income Fund during the 4th quarter worth approximately $208,000. International Assets Investment Management LLC raised its stake in shares of Allspring Multi-Sector Income Fund by 8.0% during the 2nd quarter. International Assets Investment Management LLC now owns 30,402 shares of the company’s stock worth $273,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Allspring Multi-Sector Income Fund by 4.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 107,927 shares of the company’s stock worth $1,019,000 after purchasing an additional 4,109 shares in the last quarter.

Allspring Multi-Sector Income Fund Stock Performance

NYSEAMERICAN ERC traded up $0.02 during trading on Tuesday, hitting $9.10. The stock had a trading volume of 59,465 shares, compared to its average volume of 79,106. Allspring Multi-Sector Income Fund has a 12 month low of $8.51 and a 12 month high of $9.74.

Allspring Multi-Sector Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th will be paid a $0.0659 dividend. This represents a $0.79 annualized dividend and a yield of 8.69%. The ex-dividend date of this dividend is Monday, August 12th.

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.