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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) 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

A number of institutional investors and hedge funds have recently bought and sold shares of ERC. International Assets Investment Management LLC lifted its holdings in shares of Allspring Multi-Sector Income Fund by 921.0% in the third quarter. International Assets Investment Management LLC now owns 310,411 shares of the company’s stock worth $32,402,000 after buying an additional 280,009 shares in the last quarter. Logan Stone Capital LLC bought a new position in shares of Allspring Multi-Sector Income Fund during the 2nd quarter valued at about $113,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Allspring Multi-Sector Income Fund by 6.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 124,447 shares of the company’s stock valued at $1,118,000 after purchasing an additional 7,573 shares in the last quarter. Choreo LLC increased its holdings in shares of Allspring Multi-Sector Income Fund by 6.8% in the second quarter. Choreo LLC now owns 22,899 shares of the company’s stock worth $206,000 after purchasing an additional 1,466 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in shares of Allspring Multi-Sector Income Fund by 127.9% in the second quarter. Wolverine Asset Management LLC now owns 102,891 shares of the company’s stock worth $924,000 after purchasing an additional 57,740 shares during the last quarter.

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.