Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 10,138 shares, an increase of 383.9% from the July 30th total of 2,095 shares. Based on an average daily volume of 29,685 shares, the days-to-cover ratio is currently 0.3 days.
Allspring Utilities and High Income Fund Stock Down 0.3%
NYSEAMERICAN:ERH traded down $0.04 during trading hours on Wednesday, reaching $11.54. 8,860 shares of the company’s stock were exchanged, compared to its average volume of 25,773. Allspring Utilities and High Income Fund has a 1-year low of $11.47 and a 1-year high of $13.07. The company has a 50-day moving average of $11.89 and a 200 day moving average of $12.09.
Allspring Utilities and High Income Fund Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a dividend of $0.0879 per share. This represents a c) annualized dividend and a dividend yield of 9.1%. This is a positive change from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09. The ex-dividend date is Friday, September 11th.
Hedge Funds Weigh In On Allspring Utilities and High Income Fund
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.
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