Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Short Interest Update

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

Institutional Trading of Allspring Multi-Sector Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Guggenheim Capital LLC lifted its stake in Allspring Multi-Sector Income Fund by 94.6% in the 2nd quarter. Guggenheim Capital LLC now owns 334,994 shares of the company’s stock valued at $3,166,000 after buying an additional 162,810 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Allspring Multi-Sector Income Fund by 10.2% during the second quarter. Raymond James Financial Inc. now owns 803,542 shares of the company’s stock valued at $7,593,000 after acquiring an additional 74,593 shares during the last quarter. Ameriprise Financial Inc. increased its position in Allspring Multi-Sector Income Fund by 31.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 253,620 shares of the company’s stock worth $2,430,000 after purchasing an additional 60,193 shares in the last quarter. Shaker Financial Services LLC increased its position in Allspring Multi-Sector Income Fund by 16.2% during the 3rd quarter. Shaker Financial Services LLC now owns 366,566 shares of the company’s stock worth $3,540,000 after purchasing an additional 51,013 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Allspring Multi-Sector Income Fund by 9.5% in the 1st quarter. Royal Bank of Canada now owns 555,704 shares of the company’s stock valued at $5,124,000 after purchasing an additional 47,988 shares during the last quarter.

Allspring Multi-Sector Income Fund Stock Performance

ERC stock traded up $0.05 during midday trading on Thursday, hitting $9.38. 275,025 shares of the stock were exchanged, compared to its average volume of 127,232. The stock’s 50-day moving average price is $9.36 and its 200-day moving average price is $9.44. Allspring Multi-Sector Income Fund has a fifty-two week low of $8.44 and a fifty-two week high of $9.77.

Allspring Multi-Sector Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be issued a dividend of $0.0723 per share. This is an increase from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07. The ex-dividend date is Monday, January 12th. 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.