Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Short Interest Up 120.1% in January

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 48,664 shares, an increase of 120.1% from the December 31st total of 22,110 shares. Based on an average trading volume of 127,276 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 127,276 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Allspring Multi-Sector Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rareview Capital LLC raised its position in shares of Allspring Multi-Sector Income Fund by 9.5% in the 4th quarter. Rareview Capital LLC now owns 151,876 shares of the company’s stock valued at $1,435,000 after acquiring an additional 13,225 shares during the period. Ameriprise Financial Inc. increased its stake in Allspring Multi-Sector Income Fund by 31.1% in the third quarter. Ameriprise Financial Inc. now owns 253,620 shares of the company’s stock valued at $2,430,000 after purchasing an additional 60,193 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Allspring Multi-Sector Income Fund by 1.5% in the third quarter. Raymond James Financial Inc. now owns 815,458 shares of the company’s stock worth $7,812,000 after purchasing an additional 11,916 shares during the period. Virtu Financial LLC bought a new position in shares of Allspring Multi-Sector Income Fund during the third quarter worth $117,000. Finally, Invesco Ltd. boosted its position in shares of Allspring Multi-Sector Income Fund by 5.1% during the third quarter. Invesco Ltd. now owns 549,235 shares of the company’s stock worth $5,262,000 after purchasing an additional 26,690 shares in the last quarter.

Allspring Multi-Sector Income Fund Price Performance

ERC stock opened at $9.44 on Friday. Allspring Multi-Sector Income Fund has a twelve month low of $8.44 and a twelve month high of $9.77. The business’s fifty day moving average is $9.37 and its 200-day moving average is $9.43.

Allspring Multi-Sector Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th will be paid a $0.0724 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This is a positive change from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 9.2%.

Allspring Multi-Sector Income Fund Company Profile

Allspring Multi-Sector Income Fund (NYSE American: ERC) is a closed-end management investment company that seeks to provide high current income and total return by investing in a diversified portfolio of fixed-income securities. The fund trades on the NYSE American exchange and employs an active, research-driven approach to credit selection across multiple sectors of the debt market.

The fund’s investment strategy spans a broad array of fixed-income instruments, including corporate bonds, bank loans, securitized products such as mortgage- and asset-backed securities, and sovereign debt.