Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Short Interest Up 12.1% in September

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 3,700 shares, an increase of 12.1% from the August 31st total of 3,300 shares. Based on an average daily trading volume, of 20,600 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ERH. 1607 Capital Partners LLC lifted its position in shares of Allspring Utilities and High Income Fund by 6.7% during the fourth quarter. 1607 Capital Partners LLC now owns 445,064 shares of the company’s stock worth $4,099,000 after purchasing an additional 27,996 shares in the last quarter. ORG Partners LLC acquired a new stake in Allspring Utilities and High Income Fund in the first quarter valued at $86,000. Cornerstone Advisors LLC raised its holdings in Allspring Utilities and High Income Fund by 18.1% in the first quarter. Cornerstone Advisors LLC now owns 128,355 shares of the company’s stock valued at $1,212,000 after acquiring an additional 19,708 shares in the last quarter. Robinson Capital Management LLC raised its holdings in Allspring Utilities and High Income Fund by 23.1% in the first quarter. Robinson Capital Management LLC now owns 54,952 shares of the company’s stock valued at $523,000 after acquiring an additional 10,310 shares in the last quarter. Finally, Logan Stone Capital LLC acquired a new stake in Allspring Utilities and High Income Fund in the second quarter valued at $375,000.

Allspring Utilities and High Income Fund Trading Up 0.4 %

Shares of NYSEAMERICAN ERH traded up $0.05 during midday trading on Tuesday, reaching $11.21. 9,299 shares of the stock were exchanged, compared to its average volume of 26,805. Allspring Utilities and High Income Fund has a 52-week low of $7.97 and a 52-week high of $11.21.

Allspring Utilities and High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.0626 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 6.70%.

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.