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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the target 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 trading volume, of 29,685 shares, the short-interest ratio is currently 0.3 days.

Allspring Utilities and High Income Fund Stock Down 0.3%

Allspring Utilities and High Income Fund stock traded down $0.03 during trading hours on Friday, hitting $11.46. The company had a trading volume of 15,210 shares, compared to its average volume of 25,814. Allspring Utilities and High Income Fund has a one year low of $11.39 and a one year high of $13.07. The firm has a 50-day moving average of $11.88 and a 200 day moving average of $12.08.

Allspring Utilities and High Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be given a $0.0879 dividend. The ex-dividend date of this dividend is Friday, September 11th. This is a positive change from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a dividend yield of 9.2%.

Institutional Trading of Allspring Utilities and High Income Fund

Several hedge funds have recently added to or reduced their stakes in ERH. CoreCap Advisors LLC lifted its holdings in shares of Allspring Utilities and High Income Fund by 43.7% during the second quarter. CoreCap Advisors LLC now owns 3,290 shares of the company’s stock worth $40,000 after buying an additional 1,000 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its position in Allspring Utilities and High Income Fund by 1.4% during the fourth 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 during the period. Integrated Wealth Concepts LLC increased its position in Allspring Utilities and High Income Fund by 12.4% during the third quarter. Integrated Wealth Concepts LLC now owns 11,538 shares of the company’s stock worth $143,000 after acquiring an additional 1,272 shares during the period. Raymond James Financial Inc. bought a new position in Allspring Utilities and High Income Fund during the second quarter worth about $25,000. Finally, LPL Financial LLC raised its stake in 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 worth $308,000 after purchasing an additional 8,894 shares in the last quarter.

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.