Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Short Interest Down 77.5% in December

by · The Markets Daily

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC – Get Free Report) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 22,110 shares, a decline of 77.5% from the December 15th total of 98,197 shares. Based on an average daily volume of 138,104 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 138,104 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Allspring Multi-Sector Income Fund

Hedge funds have recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in shares of Allspring Multi-Sector Income Fund in the second quarter valued at about $105,000. Virtu Financial LLC purchased a new stake in Allspring Multi-Sector Income Fund in the 3rd quarter valued at approximately $117,000. Perigon Wealth Management LLC purchased a new stake in Allspring Multi-Sector Income Fund in the 3rd quarter valued at approximately $118,000. Integris Wealth Management LLC acquired a new position in Allspring Multi-Sector Income Fund during the 3rd quarter worth approximately $120,000. Finally, World Investment Advisors purchased a new position in shares of Allspring Multi-Sector Income Fund during the 3rd quarter worth approximately $134,000.

Allspring Multi-Sector Income Fund Stock Performance

Shares of NYSEAMERICAN ERC traded up $0.02 during midday trading on Tuesday, reaching $9.34. 65,681 shares of the company were exchanged, compared to its average volume of 107,408. The stock has a fifty day simple moving average of $9.37 and a 200 day simple moving average of $9.44. Allspring Multi-Sector Income Fund has a 1 year low of $8.44 and a 1 year high of $9.77.

Allspring Multi-Sector Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be issued a dividend of $0.0723 per share. This is a boost from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend is Monday, January 12th.

About Allspring Multi-Sector Income Fund

(Get Free Report)

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.

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