Allspring Broad Market Core Bond ETF (NYSEARCA:AFIX) Shares Shorted: Short Interest Down 75.8% in October

Allspring Broad Market Core Bond ETF (NYSEARCA:AFIX) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 27,129 shares, a decline of 75.8% from the September 30th total of 112,218 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 7,515 shares, the days-to-cover ratio is presently 3.6 days.

Allspring Broad Market Core Bond ETF Price Performance

Shares of Allspring Broad Market Core Bond ETF stock traded up $0.02 during mid-day trading on Friday, hitting $24.05. 592 shares of the stock were exchanged, compared to its average volume of 24,943. Allspring Broad Market Core Bond ETF has a 12 month low of $23.51 and a 12 month high of $25.54. The company has a 50-day simple moving average of $24.01 and a 200 day simple moving average of $24.67.

Allspring Broad Market Core Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 27th. Investors of record on Friday, October 23rd were paid a $0.0776 dividend. This represents a $0.93 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Friday, October 23rd. This is a decrease from Allspring Broad Market Core Bond ETF’s previous monthly dividend of $0.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AFIX. James J. Burns & Company LLC grew its stake in Allspring Broad Market Core Bond ETF by 4.8% in the third quarter. James J. Burns & Company LLC now owns 2,208,064 shares of the company’s stock worth $52,047,000 after purchasing an additional 100,346 shares in the last quarter. Stiles Financial Services Inc lifted its holdings in shares of Allspring Broad Market Core Bond ETF by 8.9% in the 3rd quarter. Stiles Financial Services Inc now owns 54,804 shares of the company’s stock worth $1,292,000 after acquiring an additional 4,458 shares during the last quarter. Finally, MBE Wealth Management LLC increased its stake in shares of Allspring Broad Market Core Bond ETF by 4.6% during the third quarter. MBE Wealth Management LLC now owns 95,817 shares of the company’s stock worth $2,259,000 after buying an additional 4,246 shares during the period.

About Allspring Broad Market Core Bond ETF

The Allspring Broad Market Core Bond ETF (AFIX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US and USD-denominated fixed income securities with broad credit and maturity. It seeks total return and primarily holds investment grade securities. AFIX was launched on Dec 4, 2024 and is issued by Allspring.