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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 2,600 shares, an increase of 136.4% from the November 15th total of 1,100 shares. Based on an average trading volume of 23,800 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in shares of Allspring Utilities and High Income Fund during the 2nd quarter worth approximately $92,000. Logan Stone Capital LLC purchased a new stake in shares of Allspring Utilities and High Income Fund during the 2nd quarter worth approximately $375,000. Finally, Wolverine Asset Management LLC lifted its position in shares of Allspring Utilities and High Income Fund by 157.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 82,320 shares of the company’s stock worth $919,000 after buying an additional 50,307 shares during the last quarter.

Allspring Utilities and High Income Fund Stock Performance

Shares of ERH stock traded up $0.04 during trading on Friday, reaching $10.74. The company’s stock had a trading volume of 13,604 shares, compared to its average volume of 26,115. Allspring Utilities and High Income Fund has a 1-year low of $8.73 and a 1-year high of $11.36.

Allspring Utilities and High Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be paid a $0.0741 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.89 dividend on an annualized basis and a yield of 8.28%. This is an increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.06.

About Allspring Utilities and High Income Fund

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