Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Sees Significant Increase in Short Interest

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 12,200 shares, a growth of 103.3% from the December 15th total of 6,000 shares. Based on an average trading volume of 25,300 shares, the days-to-cover ratio is presently 0.5 days.

Allspring Utilities and High Income Fund Stock Up 1.7 %

Shares of Allspring Utilities and High Income Fund stock traded up $0.18 during trading hours on Thursday, hitting $11.07. 17,601 shares of the company’s stock traded hands, compared to its average volume of 48,100. Allspring Utilities and High Income Fund has a 12-month low of $8.73 and a 12-month high of $11.36.

Allspring Utilities and High Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be paid a $0.0754 dividend. The ex-dividend date is Monday, January 13th. This represents a $0.90 annualized dividend and a yield of 8.17%.

Institutional Trading of Allspring Utilities and High Income Fund

Several hedge funds have recently made changes to their positions in ERH. Wolverine Asset Management LLC raised its position in shares of Allspring Utilities and High Income Fund by 157.1% in the third quarter. Wolverine Asset Management LLC now owns 82,320 shares of the company’s stock valued at $919,000 after purchasing an additional 50,307 shares during the period. Logan Stone Capital LLC bought a new stake in Allspring Utilities and High Income Fund during the 2nd quarter valued at $375,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Allspring Utilities and High Income Fund during the second quarter worth $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.