Wells Fargo Multi-Sector Income Fund (ERC) Short Interest Update
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.
This piece of content was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright laws. The correct version of this piece of content can be accessed at http://www.dailypolitical.com/2017/02/16/wells-fargo-multi-sector-income-fund-erc-short-interest-update.html.
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.
Receive News & Ratings for Wells Fargo Multi-Sector Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo Multi-Sector Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.