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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERHGet 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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC boosted its holdings in 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 in the last quarter. Blue Bell Private Wealth Management LLC raised its stake 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 buying an additional 1,178 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake 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 worth $143,000 after buying an additional 1,272 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Allspring Utilities and High Income Fund in the 2nd quarter valued at approximately $25,000. Finally, LPL Financial LLC lifted its holdings in shares of Allspring Utilities and High Income Fund by 51.9% in the 4th 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 period.

Allspring Utilities and High Income Fund Company Profile

(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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