Short Interest in Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Grows By 15.1%

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 16,000 shares, an increase of 15.1% from the March 31st total of 13,900 shares. Based on an average trading volume of 70,800 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Allspring Multi-Sector Income Fund

Hedge funds have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. increased its holdings in Allspring Multi-Sector Income Fund by 4.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 219,144 shares of the company’s stock valued at $2,045,000 after buying an additional 10,167 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Allspring Multi-Sector Income Fund by 8.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 116,874 shares of the company’s stock worth $1,090,000 after purchasing an additional 8,947 shares during the last quarter. Custom Index Systems LLC purchased a new stake in Allspring Multi-Sector Income Fund during the fourth quarter worth $208,000. Raymond James Trust N.A. acquired a new stake in Allspring Multi-Sector Income Fund in the fourth quarter valued at $130,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Allspring Multi-Sector Income Fund by 18.5% in the third quarter. Janney Montgomery Scott LLC now owns 12,817 shares of the company’s stock valued at $117,000 after buying an additional 2,000 shares in the last quarter.

Allspring Multi-Sector Income Fund Stock Performance

NYSEAMERICAN ERC traded up $0.09 during trading on Monday, reaching $8.98. The company’s stock had a trading volume of 83,655 shares, compared to its average volume of 69,899. Allspring Multi-Sector Income Fund has a twelve month low of $8.51 and a twelve month high of $9.74.

Allspring Multi-Sector Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be issued a $0.0657 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 8.77%. The ex-dividend date is Friday, May 10th.

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.