Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Sees Large Decrease in Short Interest

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 5,900 shares, a drop of 64.0% from the January 15th total of 16,400 shares. Based on an average daily trading volume, of 27,500 shares, the short-interest ratio is presently 0.2 days.

Allspring Utilities and High Income Fund Stock Performance

Shares of ERH traded down $0.05 during trading hours on Friday, hitting $11.15. The stock had a trading volume of 25,646 shares, compared to its average volume of 32,028. Allspring Utilities and High Income Fund has a 1-year low of $8.75 and a 1-year high of $11.36.

Allspring Utilities and High Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be given a $0.0763 dividend. This is a boost from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.92 annualized dividend and a yield of 8.21%.

Hedge Funds Weigh In On Allspring Utilities and High Income Fund

Several large investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC lifted its position in shares of Allspring Utilities and High Income Fund by 157.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 82,320 shares of the company’s stock worth $919,000 after buying an additional 50,307 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in shares of Allspring Utilities and High Income Fund by 159.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 70,900 shares of the company’s stock worth $760,000 after purchasing an additional 43,571 shares during the last quarter. Level Four Advisory Services LLC increased its stake in shares of Allspring Utilities and High Income Fund by 36.6% during the 4th quarter. Level Four Advisory Services LLC now owns 15,865 shares of the company’s stock worth $170,000 after purchasing an additional 4,252 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Allspring Utilities and High Income Fund during the 4th quarter worth approximately $110,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Allspring Utilities and High Income Fund during the 2nd quarter worth approximately $92,000.

Allspring Utilities and High Income Fund Company Profile

Allspring Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States.