Wells Fargo Multi-Sector Income Fund (NYSE:ERC) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 24,685 shares, a decrease of 45.9% from the January 13th total of 45,635 shares. Based on an average daily volume of 125,801 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Shares of Wells Fargo Multi-Sector Income Fund (NYSE:ERC) opened at 13.15 on Friday. The firm’s 50 day moving average is $13.05 and its 200-day moving average is $12.83. Wells Fargo Multi-Sector Income Fund has a one year low of $10.88 and a one year high of $13.28.

The business also recently declared a monthly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be issued a dividend of $0.1032 per share. This represents a $1.24 annualized dividend and a yield of 9.42%. The ex-dividend date is Monday, February 13th. This is an increase from Wells Fargo Multi-Sector Income Fund’s previous monthly dividend of $0.09.

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About Wells Fargo Multi-Sector Income Fund

Wells Fargo Multi-Sector Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to seek a high level of current income consistent with limiting its overall exposure to domestic interest rate risk. The Fund’s portfolio includes agency securities, asset-backed securities, common stocks, corporate bonds and notes, foreign corporate bonds and notes, foreign government bonds, loans, municipal obligations, non-agency mortgage-backed securities and short-term investments.

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