Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Short Interest Update

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERHGet Rating) was the target of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 16,700 shares, a decline of 50.9% from the May 15th total of 34,000 shares. Based on an average daily trading volume, of 21,400 shares, the short-interest ratio is currently 0.8 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp purchased a new position in shares of Allspring Utilities and High Income Fund in the fourth quarter valued at $657,000. Commonwealth Equity Services LLC purchased a new position in shares of Allspring Utilities and High Income Fund in the fourth quarter valued at $580,000. Bridge Advisory LLC boosted its stake in shares of Allspring Utilities and High Income Fund by 12.6% in the first quarter. Bridge Advisory LLC now owns 202,888 shares of the company’s stock valued at $2,842,000 after purchasing an additional 22,651 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of Allspring Utilities and High Income Fund in the first quarter valued at $221,000. Finally, Bank of America Corp DE boosted its stake in shares of Allspring Utilities and High Income Fund by 235.3% in the fourth quarter. Bank of America Corp DE now owns 11,400 shares of the company’s stock valued at $168,000 after purchasing an additional 8,000 shares during the period.

NYSEAMERICAN:ERH opened at $12.36 on Friday. Allspring Utilities and High Income Fund has a 1-year low of $12.07 and a 1-year high of $15.23.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 1st. Shareholders of record on Monday, June 13th will be paid a dividend of $0.0761 per share. This is an increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08. This represents a $0.91 annualized dividend and a yield of 7.39%. The ex-dividend date of this dividend is Friday, June 10th.

Allspring Utilities and High Income Fund Company Profile (Get Rating)

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.

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