Wells Fargo Advantage Multi-Sector Income Fund (ERC) Short Interest Update

Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN:ERC) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 65,276 shares, an increase of 234.2% from the January 15th total of 19,530 shares. Based on an average daily trading volume, of 154,204 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Shares of NYSEAMERICAN ERC traded up $0.07 during midday trading on Monday, hitting $12.16. The company’s stock had a trading volume of 63,006 shares, compared to its average volume of 139,418. Wells Fargo Advantage Multi-Sector Income Fund has a 12-month low of $10.27 and a 12-month high of $13.20.

The firm also recently declared a monthly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 14th will be issued a $0.1026 dividend. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $1.23 annualized dividend and a dividend yield of 10.13%.



Several hedge funds and other institutional investors have recently modified their holdings of ERC. BlackRock Inc. purchased a new stake in shares of Wells Fargo Advantage Multi-Sector Income Fund in the second quarter worth approximately $2,134,000. Doliver Capital Advisors LP purchased a new stake in shares of Wells Fargo Advantage Multi-Sector Income Fund in the third quarter worth approximately $374,000. MML Investors Services LLC purchased a new stake in shares of Wells Fargo Advantage Multi-Sector Income Fund in the third quarter worth approximately $140,000. Shaker Financial Services LLC raised its holdings in shares of Wells Fargo Advantage Multi-Sector Income Fund by 210.8% in the third quarter. Shaker Financial Services LLC now owns 48,169 shares of the company’s stock worth $586,000 after buying an additional 32,669 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Wells Fargo Advantage Multi-Sector Income Fund in the third quarter worth approximately $276,000.

TRADEMARK VIOLATION WARNING: This article was originally reported by Dakota Financial News and is the property of of Dakota Financial News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://dakotafinancialnews.com/2019/02/12/wells-fargo-advantage-multi-sector-income-fund-erc-short-interest-update.html.

Wells Fargo Advantage Multi-Sector Income Fund Company Profile

Wells Fargo Advantage 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.

Featured Story: Calculate Your Return on Investment (ROI)

Receive News & Ratings for Wells Fargo Advantage Multi-Sector Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo Advantage Multi-Sector Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply