Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Short Interest Down 64.8% in June

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 3,071 shares, a decrease of 64.8% from the May 31st total of 8,718 shares. Based on an average daily volume of 22,683 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Allspring Utilities and High Income Fund

Several large investors have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC raised its position in shares of Allspring Utilities and High Income Fund by 1.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 87,223 shares of the company’s stock worth $1,031,000 after acquiring an additional 1,178 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of Allspring Utilities and High Income Fund in the 4th quarter valued at $469,000. LPL Financial LLC raised its holdings in shares of Allspring Utilities and High Income Fund by 51.9% in the fourth quarter. LPL Financial LLC now owns 26,039 shares of the company’s stock valued at $308,000 after buying an additional 8,894 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Allspring Utilities and High Income Fund by 12.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 11,538 shares of the company’s stock valued at $143,000 after acquiring an additional 1,272 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in shares of Allspring Utilities and High Income Fund during the first quarter worth approximately $118,000.

Allspring Utilities and High Income Fund Trading Up 0.5%

Allspring Utilities and High Income Fund stock opened at $12.11 on Friday. The company’s 50 day moving average is $12.02 and its two-hundred day moving average is $12.05. Allspring Utilities and High Income Fund has a 52-week low of $11.38 and a 52-week high of $13.07.

Allspring Utilities and High Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a dividend of $0.0876 per share. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Friday, July 10th. This is a positive change from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09.

Allspring Utilities and High Income Fund Company Profile

Allspring Utilities and High Income Fund is a closed-end management investment company listed on the NYSE American under the ticker ERH. Managed by Allspring Global Investments, the fund seeks to provide a high level of current income, with a secondary focus on capital appreciation. It primarily invests in the securities of companies operating in the utilities and energy sectors.

The portfolio is broadly diversified across regulated electric, gas and water utilities as well as non-regulated energy-related firms.