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%.
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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.
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