Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC – Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 21,500 shares, an increase of 225.8% from the August 15th total of 6,600 shares. Based on an average trading volume of 89,500 shares, the days-to-cover ratio is presently 0.2 days.
Allspring Multi-Sector Income Fund Price Performance
Allspring Multi-Sector Income Fund stock traded down $0.04 during mid-day trading on Friday, hitting $9.31. The company had a trading volume of 65,590 shares, compared to its average volume of 80,859. Allspring Multi-Sector Income Fund has a 12 month low of $8.51 and a 12 month high of $9.60.
Allspring Multi-Sector Income Fund Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a dividend of $0.0659 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.49%. The ex-dividend date of this dividend is Friday, September 13th.
Hedge Funds Weigh In On Allspring Multi-Sector Income Fund
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.
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