Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Sees Large Growth in Short Interest

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) saw 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 trading volume, of 89,700 shares, the short-interest ratio is presently 0.2 days.

Allspring Multi-Sector Income Fund Stock Performance

Shares of Allspring Multi-Sector Income Fund stock traded down $0.01 during trading on Friday, hitting $9.04. The stock had a trading volume of 83,679 shares, compared to its average volume of 78,966. 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 disclosed a dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th will be paid a $0.0659 dividend. The ex-dividend date of this dividend is Monday, August 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Raymond James & Associates boosted its holdings in shares of Allspring Multi-Sector Income Fund by 20.3% in the second quarter. Raymond James & Associates now owns 341,266 shares of the company’s stock valued at $3,065,000 after purchasing an additional 57,476 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Allspring Multi-Sector Income Fund by 4.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 219,144 shares of the company’s stock valued at $2,045,000 after acquiring an additional 10,167 shares during the period. Advisors Asset Management Inc. raised its position in shares of Allspring Multi-Sector Income Fund by 431.4% in the 1st quarter. Advisors Asset Management Inc. now owns 121,823 shares of the company’s stock worth $1,137,000 after acquiring an additional 98,896 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Allspring Multi-Sector Income Fund by 8.3% during the 1st 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. Finally, Custom Index Systems LLC bought a new stake in Allspring Multi-Sector Income Fund during the fourth quarter valued at about $208,000.

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.