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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 35,380 shares, a drop of 27.3% from the January 15th total of 48,664 shares. Based on an average trading volume of 82,557 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 82,557 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Allspring Multi-Sector Income Fund

Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new stake in Allspring Multi-Sector Income Fund during the 4th quarter valued at $74,000. Advisors Asset Management Inc. purchased a new stake in shares of Allspring Multi-Sector Income Fund during the 4th quarter worth $832,000. Sit Investment Associates Inc. boosted its position in Allspring Multi-Sector Income Fund by 20.2% during the fourth quarter. Sit Investment Associates Inc. now owns 3,060,969 shares of the company’s stock valued at $28,467,000 after purchasing an additional 514,147 shares in the last quarter. LPL Financial LLC boosted its position in Allspring Multi-Sector Income Fund by 23.0% during the fourth quarter. LPL Financial LLC now owns 125,640 shares of the company’s stock valued at $1,168,000 after purchasing an additional 23,513 shares in the last quarter. Finally, Closed End Fund Advisors Inc. purchased a new position in Allspring Multi-Sector Income Fund in the fourth quarter valued at about $341,000.

Allspring Multi-Sector Income Fund Price Performance

Shares of NYSEAMERICAN:ERC opened at $9.40 on Friday. Allspring Multi-Sector Income Fund has a 52-week low of $8.44 and a 52-week high of $9.77. The business’s 50 day moving average is $9.38 and its 200 day moving average is $9.43.

Allspring Multi-Sector Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be paid a dividend of $0.0724 per share. This is an increase from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Thursday, February 12th.

About Allspring Multi-Sector Income Fund

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.