Short Interest in Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Drops By 27.1%

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 25,800 shares, a decrease of 27.1% from the August 31st total of 35,400 shares. Based on an average daily trading volume, of 23,800 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 23,800 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On Allspring Utilities and High Income Fund

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in Allspring Utilities and High Income Fund in the 2nd quarter valued at approximately $25,000. Tactive Advisors LLC acquired a new position in Allspring Utilities and High Income Fund in the 2nd quarter valued at $154,000. Level Four Advisory Services LLC raised its holdings in shares of Allspring Utilities and High Income Fund by 4.7% during the 2nd quarter. Level Four Advisory Services LLC now owns 20,151 shares of the company’s stock worth $233,000 after buying an additional 910 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of Allspring Utilities and High Income Fund during the 1st quarter worth $232,000. Finally, Blue Bell Private Wealth Management LLC increased its stake in shares of Allspring Utilities and High Income Fund by 17.3% in the first quarter. Blue Bell Private Wealth Management LLC now owns 83,163 shares of the company’s stock valued at $916,000 after buying an additional 12,263 shares during the period.

Allspring Utilities and High Income Fund Price Performance

NYSEAMERICAN:ERH opened at $12.99 on Thursday. Allspring Utilities and High Income Fund has a 1-year low of $9.98 and a 1-year high of $13.07. The business’s 50-day moving average price is $12.13 and its two-hundred day moving average price is $11.48.

Allspring Utilities and High Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, October 14th will be given a dividend of $0.0829 per share. This is an increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Tuesday, October 14th.

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.