Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC – Get Free Report) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 2,400 shares, a decline of 94.1% from the September 30th total of 40,900 shares. Based on an average trading volume of 92,600 shares, the short-interest ratio is presently 0.0 days.
Allspring Multi-Sector Income Fund Trading Up 0.2 %
ERC traded up $0.02 during trading on Friday, hitting $9.17. The company’s stock had a trading volume of 118,062 shares, compared to its average volume of 83,257. Allspring Multi-Sector Income Fund has a one year low of $8.52 and a one year high of $9.60.
Allspring Multi-Sector Income Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.066 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.64%.
Institutional Investors Weigh In On Allspring Multi-Sector Income Fund
About Allspring Multi-Sector Income Fund
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.
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