Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Short Interest Up 13.6% in July

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 17,500 shares, an increase of 13.6% from the July 15th total of 15,400 shares. Based on an average trading volume of 94,700 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Allspring Multi-Sector Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Logan Stone Capital LLC bought a new stake in Allspring Multi-Sector Income Fund during the second quarter valued at $113,000. Benjamin F. Edwards & Company Inc. grew its holdings 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 during the last quarter. Choreo LLC lifted its holdings in shares of Allspring Multi-Sector Income Fund by 6.8% in the 2nd 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. Wolverine Asset Management LLC lifted its stake in 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 valued at $924,000 after buying an additional 57,740 shares during the last quarter. Finally, Raymond James & Associates increased its stake in shares of Allspring Multi-Sector Income Fund by 20.3% in the second quarter. Raymond James & Associates now owns 341,266 shares of the company’s stock valued at $3,065,000 after purchasing an additional 57,476 shares during the period.

Allspring Multi-Sector Income Fund Stock Performance

Shares of NYSEAMERICAN ERC traded up $0.04 during trading on Friday, hitting $9.33. 64,944 shares of the company were exchanged, compared to its average volume of 80,559. Allspring Multi-Sector Income Fund has a 1 year low of $8.51 and a 1 year high of $9.73.

Allspring Multi-Sector Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a $0.0659 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.79 dividend on an annualized basis and a yield of 8.47%.

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.