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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 4,000 shares, a decrease of 36.5% from the February 13th total of 6,300 shares. Based on an average daily volume of 32,300 shares, the short-interest ratio is presently 0.1 days.

Allspring Utilities and High Income Fund Stock Performance

Shares of NYSEAMERICAN:ERH traded up $0.08 during trading on Monday, hitting $10.91. The stock had a trading volume of 23,647 shares, compared to its average volume of 28,248. Allspring Utilities and High Income Fund has a 12 month low of $8.75 and a 12 month high of $11.44. The company has a fifty day moving average of $10.95.

Allspring Utilities and High Income Fund Dividend Announcement

The company also recently announced a — dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a $0.0772 dividend. This represents a dividend yield of 7.1%. The ex-dividend date is Thursday, March 13th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ERH. Integrated Wealth Concepts LLC purchased a new stake in Allspring Utilities and High Income Fund during the 4th quarter valued at $110,000. Level Four Advisory Services LLC raised its holdings in Allspring Utilities and High Income Fund by 36.6% during the fourth quarter. Level Four Advisory Services LLC now owns 15,865 shares of the company’s stock valued at $170,000 after acquiring an additional 4,252 shares during the period. Zimmer Partners LP bought a new position in Allspring Utilities and High Income Fund during the fourth quarter valued at approximately $562,000. Blue Bell Private Wealth Management LLC grew its holdings in shares of Allspring Utilities and High Income Fund by 159.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 70,900 shares of the company’s stock valued at $760,000 after purchasing an additional 43,571 shares in the last quarter. Finally, Saba Capital Management L.P. boosted its stake in Allspring Utilities and High Income Fund by 36.2% during the fourth quarter. Saba Capital Management L.P. now owns 374,129 shares of the company’s stock worth $4,011,000 after buying an additional 99,408 shares during the period.

About Allspring Utilities and High Income Fund

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.