Short Interest in Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Decreases By 76.1%

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERHGet Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,095 shares, a drop of 76.1% from the July 15th total of 8,781 shares. Based on an average daily volume of 31,347 shares, the short-interest ratio is presently 0.1 days.

Allspring Utilities and High Income Fund Price Performance

NYSEAMERICAN:ERH traded down $0.01 during mid-day trading on Friday, hitting $11.64. The company’s stock had a trading volume of 16,339 shares, compared to its average volume of 25,948. Allspring Utilities and High Income Fund has a 1 year low of $11.50 and a 1 year high of $13.07. The business’s fifty day moving average is $11.90 and its two-hundred day moving average is $12.10.

Allspring Utilities and High Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be issued a $0.0878 dividend. This is a boost from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 9.1%.

Institutional Trading of Allspring Utilities and High Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of ERH. Blue Bell Private Wealth Management LLC lifted its holdings in Allspring Utilities and High Income Fund by 1.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 87,223 shares of the company’s stock valued at $1,031,000 after acquiring an additional 1,178 shares during the period. LPL Financial LLC grew its stake in shares of Allspring Utilities and High Income Fund by 51.9% during the 4th quarter. LPL Financial LLC now owns 26,039 shares of the company’s stock worth $308,000 after purchasing an additional 8,894 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of 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 purchasing an additional 1,272 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Allspring Utilities and High Income Fund during the 2nd quarter valued at approximately $25,000. Finally, CoreCap Advisors LLC lifted its stake in shares of Allspring Utilities and High Income Fund by 43.7% in the 2nd quarter. CoreCap Advisors LLC now owns 3,290 shares of the company’s stock valued at $40,000 after purchasing an additional 1,000 shares during the period.

About Allspring Utilities and High Income Fund

(Get Free Report)

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.

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