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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 46,000 shares, a decline of 42.1% from the January 31st total of 79,400 shares. Based on an average daily trading volume, of 132,300 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Allspring Multi-Sector Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new position in Allspring Multi-Sector Income Fund in the 4th quarter valued at about $107,000. Bank of America Corp DE boosted its holdings in Allspring Multi-Sector Income Fund by 13.2% in the fourth quarter. Bank of America Corp DE now owns 73,647 shares of the company’s stock valued at $677,000 after purchasing an additional 8,610 shares during the last quarter. AQR Arbitrage LLC grew its stake in Allspring Multi-Sector Income Fund by 7.4% during the 4th quarter. AQR Arbitrage LLC now owns 151,085 shares of the company’s stock valued at $1,366,000 after purchasing an additional 10,423 shares in the last quarter. 1607 Capital Partners LLC grew its stake in Allspring Multi-Sector Income Fund by 132.4% during the 4th quarter. 1607 Capital Partners LLC now owns 783,438 shares of the company’s stock valued at $7,200,000 after purchasing an additional 446,338 shares in the last quarter. Finally, Guggenheim Capital LLC increased its holdings in Allspring Multi-Sector Income Fund by 48.3% during the 4th quarter. Guggenheim Capital LLC now owns 57,484 shares of the company’s stock worth $528,000 after purchasing an additional 18,719 shares during the last quarter.

Allspring Multi-Sector Income Fund Price Performance

Shares of Allspring Multi-Sector Income Fund stock traded down $0.03 during trading hours on Tuesday, hitting $9.25. The company’s stock had a trading volume of 55,671 shares, compared to its average volume of 107,244. Allspring Multi-Sector Income Fund has a 1-year low of $8.77 and a 1-year high of $9.58.

Allspring Multi-Sector Income Fund Announces Dividend

The business also recently announced a — dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a $0.0727 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a dividend yield of 8.9%.

Allspring Multi-Sector Income Fund Company Profile

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.