Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Short Interest Down 94.1% in October

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 2,400 shares, a drop of 94.1% from the September 30th total of 40,900 shares. Based on an average daily trading volume, of 92,600 shares, the short-interest ratio is presently 0.0 days.

Allspring Multi-Sector Income Fund Stock Performance

Shares of NYSEAMERICAN ERC traded up $0.02 during midday trading on Friday, reaching $9.17. 118,062 shares of the stock were exchanged, compared to its average volume of 83,257. Allspring Multi-Sector Income Fund has a twelve month low of $8.52 and a twelve month high of $9.60.

Allspring Multi-Sector Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.066 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.79 annualized dividend and a yield of 8.64%.

Institutional Trading of Allspring Multi-Sector Income Fund

Several institutional investors have recently added to or reduced their stakes in ERC. Logan Stone Capital LLC purchased a new position in Allspring Multi-Sector Income Fund in the 2nd quarter valued at approximately $113,000. Calamos Advisors LLC purchased a new position in Allspring Multi-Sector Income Fund in the 2nd quarter valued at approximately $130,000. Choreo LLC purchased a new position in Allspring Multi-Sector Income Fund in the 1st quarter valued at approximately $200,000. International Assets Investment Management LLC boosted its position in Allspring Multi-Sector Income Fund by 8.0% in the 2nd quarter. International Assets Investment Management LLC now owns 30,402 shares of the company’s stock valued at $273,000 after buying an additional 2,250 shares during the period. Finally, Wolverine Asset Management LLC boosted its position in Allspring Multi-Sector Income Fund by 127.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 102,891 shares of the company’s stock valued at $924,000 after buying an additional 57,740 shares during the period.

Allspring Multi-Sector Income Fund Company Profile

Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds.