Allspring Income Plus ETF (NYSEARCA:AINP) Stock Short Interest Jumps 9,659.6%

Allspring Income Plus ETF (NYSEARCA:AINP) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,307,690 shares, a growth of 9,659.6% from the September 15th total of 13,399 shares. Approximately 12.7% of the shares of the company are short sold. Based on an average daily trading volume, of 10,525 shares, the days-to-cover ratio is presently 124.2 days.

Allspring Income Plus ETF Stock Performance

Shares of AINP traded up $0.01 during midday trading on Friday, hitting $24.15. 2,900 shares of the stock traded hands, compared to its average volume of 10,521. The business’s 50 day moving average price is $24.57 and its two-hundred day moving average price is $24.83. Allspring Income Plus ETF has a 1-year low of $23.95 and a 1-year high of $25.60.

Allspring Income Plus ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, September 28th. Shareholders of record on Thursday, September 24th were paid a $0.0997 dividend. The ex-dividend date was Thursday, September 24th. This is a decrease from Allspring Income Plus ETF’s previous monthly dividend of $0.1060. This represents a $1.20 annualized dividend and a dividend yield of 5.0%.

Institutional Investors Weigh In On Allspring Income Plus ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its holdings in Allspring Income Plus ETF by 4.3% during the second quarter. Integrated Wealth Concepts LLC now owns 198,313 shares of the company’s stock worth $4,966,000 after acquiring an additional 8,100 shares during the period. Citadel Advisors LLC acquired a new position in Allspring Income Plus ETF in the 2nd quarter worth approximately $1,158,000. Finally, Kestra Advisory Services LLC raised its position in Allspring Income Plus ETF by 63.5% during the first quarter. Kestra Advisory Services LLC now owns 21,189 shares of the company’s stock valued at $527,000 after buying an additional 8,232 shares during the period.

About Allspring Income Plus ETF

The Allspring Income Plus ETF (AINP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that selects investments from a broad universe of corporate or government fixed income securities of any credit quality or maturity from issuers worldwide. AINP was launched on Dec 4, 2024 and is issued by Allspring.