Wells Fargo Advantage Utilities and High Income Fund (NYSEAMERICAN:ERH) Short Interest Update

Wells Fargo Advantage Utilities and High Income Fund (NYSEAMERICAN:ERH) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 8,600 shares, a decline of 56.3% from the September 15th total of 19,700 shares. Based on an average trading volume of 19,200 shares, the short-interest ratio is currently 0.4 days.

NYSEAMERICAN ERH traded up $0.24 on Thursday, reaching $14.31. 5 shares of the company were exchanged, compared to its average volume of 20,526. Wells Fargo Advantage Utilities and High Income Fund has a fifty-two week low of $11.89 and a fifty-two week high of $15.23.

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 1st. Shareholders of record on Wednesday, October 13th will be paid a dividend of $0.0737 per share. The ex-dividend date is Tuesday, October 12th. This represents a $0.88 dividend on an annualized basis and a yield of 6.18%. This is a positive change from Wells Fargo Advantage Utilities and High Income Fund’s previous monthly dividend of $0.07.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its stake in Wells Fargo Advantage Utilities and High Income Fund by 11.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 16,358 shares of the company’s stock worth $235,000 after buying an additional 1,655 shares during the last quarter. UBS Group AG lifted its stake in shares of Wells Fargo Advantage Utilities and High Income Fund by 5.5% in the 1st quarter. UBS Group AG now owns 59,445 shares of the company’s stock valued at $771,000 after purchasing an additional 3,123 shares during the last quarter. Finally, Bridge Advisory LLC lifted its stake in shares of Wells Fargo Advantage Utilities and High Income Fund by 8.0% in the 2nd quarter. Bridge Advisory LLC now owns 145,073 shares of the company’s stock valued at $2,086,000 after purchasing an additional 10,791 shares during the last quarter.

About Wells Fargo Advantage Utilities and High Income Fund

Wells Fargo Advantage Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is sub advised 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.

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