Allspring Income Plus ETF (NYSEARCA:AINP) Sees Large Drop in Short Interest

Allspring Income Plus ETF (NYSEARCA:AINP) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 24,006 shares, a drop of 90.0% from the June 30th total of 239,201 shares. Based on an average daily trading volume, of 6,983 shares, the days-to-cover ratio is currently 3.4 days. Currently, 0.3% of the shares of the stock are short sold.

Allspring Income Plus ETF Price Performance

Allspring Income Plus ETF stock traded down $0.10 during midday trading on Friday, hitting $24.67. The company’s stock had a trading volume of 3,661 shares, compared to its average volume of 12,068. The stock’s 50-day moving average price is $24.98 and its 200-day moving average price is $25.09. Allspring Income Plus ETF has a 12 month low of $24.60 and a 12 month high of $25.60.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AINP. Kestra Advisory Services LLC bought a new stake in Allspring Income Plus ETF during the 4th quarter valued at about $327,000. JPMorgan Chase & Co. bought a new position in Allspring Income Plus ETF in the 2nd quarter worth about $732,000. Finally, Jane Street Group LLC purchased a new position in shares of Allspring Income Plus ETF during the first quarter worth approximately $2,011,000.

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.